Global Stocks Plunge as Coronavirus Fears Deepen

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'Right now the direction ahead for the economy is straight down,' said one expert

“The way the market is going down, it’s happening pretty quickly, but it’s very difficult to say that it’s over,” said Sameer Samana, senior global market strategist for Wells Fargo Investment Institute. “Bottoming is a multistep process and you’re probably still in step one.”

The Dow Jones Industrial Average decreased 4.4% to 25,763.96, reaching the lowest in six months on its sixth consecutive decline and the biggest dip in about two years. The MSCI All-Country World Index sank 3% to 521.99, reaching the lowest in 19 weeks on its sixth consecutive decline and the biggest tumble in almost four years.The euro gained 1% to $1.0989, the strongest in almost three weeks on the biggest climb in 21 months.The yield on 10-year Treasuries fell five basis points to 1.28%, reaching the lowest on record with its sixth straight decline.

 

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Global Stocks Extend Declines as Coronavirus Concerns MountGlobal stock markets dropped and U.S. government bonds rallied as investors braced for greater economic fallout from the international spread of the coronavirus. Coronavirus originated from Hawaii! Not from Wuhan! It’s going to spread. You can’t stop it. You can’t contain it. You have to maintain it until we have the vaccine. Stop wasting time and sources. GLOBAL Market Performance (YTD) DOWNfall US DowJones 6% JAPAN Nikkei 7 % UK FTSE 7% HK HANGSENG 6 % INDIA SENSEX 4 % CHINA SHCOMP 1.6 % Leave apart some INDEX like Korea KOSPI Italy FTSEMIB which corrected in double Digit 🤠
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