The increase in the number of cases in the US and Europe clouded world economic recovery prospects.
Global stock markets slumped on Monday as the number of coronavirus cases in Europe and the United States increased, clouding the prospects for a global economic recovery.
The Dow Jones Industrial Average fell 712.83 points, or 2.52 percent, to 27 622,74. The S&P 500 dropped 73.34 points, or 2.12 percent, to 3 392,05, and the Nasdaq Composite fell 189.90 points, or 1.64 percent, to 11 358,38.
The European STOXX 600 index lost 1.72 percent, and the MSCI world equity index lost 1.69 percent.
Emerging markets recorded a decline of 0.66 percent. The MSCI index, which measures Asia-Pacific shares outside Japan, closed down 0.41 percent, while Japan’s Nikkei lost 0.09 percent.
The US dollar index rose 0.316 percent, and the Euro fell 0.43 percent to $ 1.1808 as interest in safe-haven assets increased.
The Japanese yen fell 0.15 percent against the dollar to 104.90 yen per dollar, while the pound was down 0.25 percent on the day.
The price of gold rose 0.2 percent to $ 1 904,46 an ounce. Silver fell 1.02 percent to $ 24.33.
Oil prices continue to decline. The OPEC Secretary-General said the oil market’s recovery might take longer than expected, and OPEC and its allies will “stick to the current course” in balancing the market.
US crude oil fell 3.64 percent to $ 38.40 a barrel, while benchmark Brent crude oil fell 3.35 percent to $ 40.37 a barrel.