Explainer: What led to the US stock market rout and how will it affect Asian markets?

The index, which comprises 500 of the largest companies in the United States and is generally considered a good barometer of how the country’s stocks are performing, is now down more than 20 per cent from its most recent record closing high on Jan 3.

The plunge in the US stock market has also had a ripple effect on Asian shares, which slid sharply on Tuesday. The S&P 500 surged some 114 per cent from its March 2020 low as stocks benefited from emergency policies put in place to help stabilize the US economy in the wake of the Covid-19 pandemic. The financial company S&P Global, which introduced the eponymous index, said on its website that many US corporations have a global presence, with assets and revenues in or from foreign countries.

대한민국 최근 뉴스, 대한민국 헤드 라인

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

Asian stocks slump amid risks from US CPI, China COVID struggleTOKYO : Asian stocks sank on Monday and bond yields ticked higher, as red-hot U.S. inflation reignited worries about even more aggressive Federal Reserve policy tightening, and a COVID-19 warning from Beijing added to concerns about global growth.Chinese blue chips dropped 0.84 per cent, and Hong Kong's H
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »

Cryptocurrency market value slumps under US$1 trillionLONDON: The value of the cryptocurrency market on Monday (Jun 13) fell below US$1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as US$926 billion. The global cryptocurrency market peaked at US$2.9 trillion in November 2021, but it has faltered so far
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »