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The global pandemic of Corona 19, the so-called pandemic fears, and the impact of a sharp drop in oil prices have swept the global financial market. The KOSPI plunged 4.19 percent yesterday (9th), and the New York stock market plunged overnight after a plunge that triggered a trading halt.

First news, correspondent Kim Yoon-su reports from Washington.

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New York stocks stopped just four minutes after opening.

When the stock price fluctuates, a circuit breaker has been triggered to temporarily stop trading to alleviate market shock.

Trading resumed 15 minutes later, but continued to decline.

The Dow fell more than 2000 points, the biggest drop ever.

The Nasdaq and S & P 500 index also fell sharply to 7%.

European stocks also fell sharply.

The UK's FTSE 100 fell 7.69%, the biggest drop since the 2008 financial crisis, and the major indices in German and French markets fell by 7% to 8%.

The world stock market fluctuated amid a 20% drop in international oil prices as the debate on major oil producers to reduce the economic shock of Corona 19 was reversed by Russia.

[John Diphtherios / CNN Emerging Markets Editor: As oil prices are plunging amid falling stock prices, we must also think about the global recession.]

Experts feared the spread of the recession, saying the oil price war between the Organization of Petroleum Exporting Countries and Russia has fueled the fire of Corona19.