The US Wall Street plunged 7% to stop trading, following a catastrophic opening in which all indicators declined.


According to ArabiaNet, the Dow Jones US stocks lost 2,000 points at the opening.


And decided to suspend trading on the American Stock Exchange immediately after the start of transactions on Monday, as the S&P 500 index fell by 7%, which led to a 15-minute automatic suspension that was created after the global financial crisis in 2008 and 2009.


The US dollar reached its lowest level since November 2016 against the yen, after the suspension of trading in US stocks.


The collapse of the OPEC agreement and fears of the outbreak of the Corona virus are major factors in the wave of acute losses hitting global exchanges and regional markets, especially with oil prices dropping by more than 30%, which is the largest daily decline since 1991.