Tuesday, 22 September 2020

Markets fall amid reports of illicit bank transfers

Markets fell on Monday.

The S&P 500 fell 1.2 percent, the STOXX Europe 600 sank 3.2 percent and the Shanghai Composite fell 0.6 percent.

Markets took a hit after reports indicated that several global banks moved large sums of allegedly illicit funds over a period of nearly two decades.

The resurgence of COVID-19 in Europe also took a toll on markets, with UK scientists warning on Monday that the country could see almost 50,000 new cases per day in mid-October.

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