In Asian Equity Markets indices declines on Monday as oil prices fell amid fears of a price war after OPEC failed to strike a deal with its allies. The Nikkei 225  in Japan fell 5.46%, while the Topix was down 5.44%. Hong Kong’s Hang Seng index fell 3.5%. Mainland Chinese stocks also saw declines, with the Shanghai composite down about 2.4%. South Korea’s Kospi also dropped 3.72%. Meanwhile, stocks in Australia fell, with the S&P/ASX 200 down 6.23%. Singapore Straits Times Index also fell more than 4%.

In Currency Markets the Japanese yen leapt 1.6% to a more than three-year high on Monday as the widening reach of the coronavirus sent investors scrambling for safety, while oil-exposed currencies plunged after Saudi Arabia slashed its selling price. In early trade, the yen broke through 104 per dollar and kept rising as high as 103.52 per dollar. The Mexican peso fell as far as 6% against the dollar. The Canadian dollar fell more than 1% to a 14-month low.

In Commodities Markets oil prices fell around 30% on Monday, with U.S. oil heading for its biggest loss on record, after Saudi Arabia slashed prices and set plans for a dramatic increase in crude production in April. Brent crude futures were down $13.29, or 29%, at $31.98 a barrel by 0433 GMT, after earlier falling to $31.02, their lowest since Feb. 12, 2016. Brent futures are on track for their biggest daily decline since Jan. 17, 1991, at the start of the first Gulf War.

In US Equity Markets indices fell and the Dow shed more than 800 points on Friday, as the global tally of coronavirus infections surpassed 100,000 and jittery investors took cover in the perceived safety of bonds and gold. The S&P 500 was down 2.72%, at 2,941.78. The Nasdaq Composite fell 2.42%, at 8,527.04. All 11 S&P sectors were trading lower, led by a 5.2% decline in energy stocks, which tracked a slump in oil prices. The S&P 1500 airlines index rose 3.6%.

In Bond Markets U.S. Treasury prices surged on Friday, pushing long-dated yields to record lows, as worries that the coronavirus outbreak will hammer the world economy sent investors fleeing to assets seen as safe havens in turbulent times. The 10-year Treasury yield fell to a record low of 0.66% and was last down at 0.749%. The 30-year Treasury yield fell more than 30 basis points to a record low of 1.187% and was last at 1.276%.