March 9, 2020 / 2:30 PM / a month ago

MSCI world stocks index slumps over 5%, on track for biggest fall since 2008

LONDON (Reuters) - MSCI all-country world stocks index .MIWD00000PUS slumped more than 5% on Monday and was on track for its biggest daily drop since the depths of the global financial crisis in December 2008 as a oil price crash led to a massive sell-off.

Those moves have wiped roughly $2.5 trillion in value off global stocks.

The benchmark S&P 500 .SPX fell 7% on day, triggering an automatic 15 minute halt put in place after the 2008-9 financial crisis.

Reporting by Thyagaraju Adinarayan; Editing by Saikat Chatterjee

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