News Formal

Seoul: Stocks tumble to near 10-yr-low as global easing fails to calm nerves

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

[SEOUL] South Korean shares plunged to a near 10-year-low on Tuesday, following a historic rout on Wall Street, on fears of the coronavirus that poses a major threat to economic growth and as actions from major central banks failed to encourage investors. Read more at The Business Times.

Financial markets cratered on Monday with the S&P 500 tumbling 12 per cent, its biggest drop since"Black Monday" three decades ago.After the onshore markets closed on Monday, the Bank of Korea slashed interest rates by 50 basis points to a record low, joining global central banks.

The nation's vice finance minister said on Tuesday the widening fallout from the coronavirus outbreak may lead to unprecedented economic and financial crisis for the country. US President Donald Trump said on Monday the worst of the new coronavirus could be over by July or August, adding that a recession was possible.

Mr Trump's remarks underlining possibilities of prolonged virus spread have worsened sentiment, said Kim Byung-yeon, analyst at NH Investment & Securities, adding market volatility going forward depends on the development of the virus issue.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 15. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

US stocks dive more than 10% in early trading on recession worriesNEW YORK (AFP) - Wall Street stocks plunged more than 10 per cent early Monday (March 16) as panic over the economic hit from the coronavirus outbreak offset emergency moves by the Federal Reserve.. Read more at straitstimes.com.
출처: The Straits Times - 🏆 8. / 63 더 많은 것을 읽으십시오 »

US stocks dive more than 10% on recession worries
출처: TODAYonline - 🏆 1. / 99 더 많은 것을 읽으십시오 »

Stocks dive as rescue bids by Fed, peers fail to calm panicky marketsStock markets and the dollar were roiled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers ...
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »

Stocks dive as Fed & co fail to calm panicky marketsStock markets were routed and the dollar stumbled on Monday after the Federal Reserve slashed U.S. interest rates in an emergency move and its ...
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »