186-year-old Asian conglomerate briefly loses $41 billion in value
Shares of Singapore-listed Jardine Matheson, a 186-year-old Asian conglomerate, briefly plunged 83%, or nearly $41 billion in market value, before recovering fully on Thursday. Around 167,500 shares traded at prices less than 25% of the previous day's close. Singapore Exchange said there was no basis to cancel trades executed during the dramatic move, adding there were no malfunctioning systems. 