Stocks across the globe have hit their lowest level in seven weeks as concerns increase over new lockdown measures.
Banking shares are among the biggest losers with HSBC plummeting to a 25 year low in Hong Kong.
Oil prices have also fallen by about five per cent and the MSCI world equity index which tracks shares in 49 countries hit its lowest level since August. Debate over virus stimulus in the United States and surging cases in the United Kingdom and Europe are thought to be driving the instability.
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