UBS, Switzerland's largest bank, has acquired its biggest rival, Credit Suisse, a move seen as a temporary solution to the current financial disruption and potential volatility that it could cause worldwide.
As global novel coronavirus infections slow down in hardest-hit countries, Asian shares and US futures, including the energy sector, start to rebound.
Stocks increased after figures from China showed signs of economic recovery, but quickly dropped again after a record breaking amount of coronavirus-related deaths was announced in Spain.
Mirroring the emptying of supermarket shelves around the world, indebted corporates have rushed into money markets to hoard dollars, with a global shortage of greenback funding threatening to cripple firms from airlines to retailers.
Gold gained along with the safe-haven Japanese yen and Swiss franc, as the number of people infected by the virus in a fast-spreading health crisis surpassed 8,100 people globally, more than the total from the 2002-2003 SARS epidemic.
Aramco initially raised a $25.6 billion, which was itself a record level, in its December IPO by selling 3 billion shares at 32 riyals ($8.53) a share.
Shares drop as US President Trump's decision to sign a bill supporting Hong Kong's rights casts doubts over US-China trade deal.
London Stock Exchange Group formally rejected a takeover bid by the Hong Kong Stock Exchange, citing "fundamental concerns" over the bid.
US president's remarks came as the world's two largest economies prepare for new rounds of talks aimed at curbing a more-than-year-long trade war that has hurt global economic growth and rattled financial markets.
US bond yields up slightly after sharp fall in August, while European shares seen dipping slightly. Meanwhile, pound sterling drops to just below $1.2, its lowest level since January 2017.
Stocks plummeted amid worsening economic fears after US Treasury yields briefly flashed a warning sign for a coming recession.
The Wall Street bond yields hit their lowest since 2017. Dow Jones is down 0.93%, with the S&P 500 down 0.85%, and Nasdaq down 0.39% as well.
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