Stocks crash amid sweeping pandemic panic

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

Australia, South Korea and Hong Kong slide as Dow posts worst drop since 1987

Singapore — Global stock markets crashed on Friday, ending a years-long bull run, with coronavirus panic selling hitting almost every asset class and leaving investors nowhere to hide.

Losses were equally staggering outside Japan, driving MSCI’s broad Asia-Pacific index back to where it was in 2017. Gold and oil fell and once-safe sovereign bonds slumped as investors liquidated everything they could to cover losses. Australia’s benchmark fell as far as 8% and is set for its worst week on record. In South Korea the won was shredded and the Kospi fell 7.7%.In currency markets the dollar was king and Asian currencies haemorrhaged as fears of systemic risks drove demand for the world’s reserve currency.

Traders were disappointed after hoping to see broader measures to fight the spread of the virus and blunt its expected blow to economic growth. The VIX volatility index — Wall Street’s “fear gauge” — and an equivalent measure of volatility for the Euro Stoxx 50 hit their highest since the 2008 financial crisis.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

notgood FinancialMail Fin24 Hope this can be over already

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Global stocks plunge as Trump measures on pandemic disappointThe MSCI all-country world index enters a bear market as European shares hit their lowest in nearly four years
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

'Real killer blow': Global airline stocks plunge on Trump's travel ban - analysts expect a '30%-50%' drop'The global airline sector's market capitalisation has dropped by $40.6 billion, or 25%, in the last month alone,' one analyst said.
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »

Global stocks plunge as Trump measures on pandemic disappointThe MSCI all-country world index enters a bear market as European shares hit their lowest in nearly four years
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »