![]() Sydney, Seoul, Wellington and Bangkok edged up. ![]() ![]() General Motors and Ford are down about 2 and 11, respectively, while electric vehicle. There was an increase in fighting between Israeli troops and Hezbollah on the Lebanon border.Įuropean markets fell across the board with London also dented by news of stubbornly high UK inflation.Īsian markets mostly dropped, with Hong Kong, Shanghai, Singapore, Mumbai, Jakarta, Taipei and Manila all down. Teslas stock drop since Musk announced the deal in April has been much steeper than its automaker peers. Incidentally, the day after the fake Eli Lilly accounts had issued their fake insulin tweets, Eli Lilly’s stock share price tumbled by 4.37 or 16.08 down to 352.30 as blue check-marked. Thursday’s drop shaved more than 230 billion from its market cap, bringing it to about 660. World stock markets had enjoyed a healthy run Tuesday on optimism the crisis could be contained even as Israeli Prime Minister Benjamin Netanyahu prepared for a ground invasion in the blockaded territory.īiden had planned to visit Israel on Wednesday to meet with Netanyahu and then travel on to Jordan for a meeting with Jordanian King Abdullah II, Palestinian leader Mahmud Abbas and Egyptian President Abdel Fattah el Sisi on finding possible ways to de-escalate the conflict.īut news that at least 500 people had been killed at the hospital saw the Arab leaders cancel the summit in Amman and fanned concerns of a regional conflagration, with Iran warning this week that a wider war was becoming "inevitable". The stock finished with its biggest one-day drop ever, ahead of the 19 plummet it saw in July 2018. The broad-based S&P 500 dropped 1.6 per cent to 4,330.00, while the tech-rich Nasdaq Composite fell 1.8 per cent to 13,223.98. "This scenario would almost certainly affect the global oil supply and could drive the price of the barrel to levels above the $100 mark," he added.
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