the outbreak caused a huge sell-off in
the global stock market South Korea is no exception The Cosby did below the
2000 point mark and Wall Street was also down for a sixth straight day here’s Kim
bo-gyung with a breakdown of the numbers South Korean markets were gripped again
Friday by fears about the spread of the crooner virus as foreigners continued
their selling bench for a fifth straight session the benchmark Kospi closed at
nineteen eighty seven on Friday down 3.3% from the day before this is the
first time the index has finished below the psychologically resistant level of
two-thousand points since last September it was another of the massive sell offs
by foreigners that began on Monday the tech-heavy kosdaq also nosedive by
4.3 percent to close at 610 point 7 while the Korean Won gained slightly
against the US dollar closing at 1213 point 7 an expert in the industry says
investors just aren’t sure how the authorities will handle the outbreak
itself and the economic fallout clearly the decline of the prices has been quite
severe the peak recently was in January it went up as high as 2277
now if we are at 1987 so clearly more than almost 300 points declines so if
you calculate that that is more than 13 percent decline from the peak to bottom
the main reason for this is that people are uncertain about the policies as well
as the government stands on this stock markets in the US have also posted some
of their worst ever losses on Thursday local time the Dow dropped nearly 1200
points on Thursday in the worst one-day drop in history in terms of points the
S&P 500 posted its worst day since 2011 losing more than 4 percent to 2978 the
Nasdaq also fell 4.6 percent to eight thousand 566 today you’ve seen the stock
market went down 800 points then it was only down about 200 points and the last
time I looked is about 600 points and what that’s telling me is that the
situation is very fluid and any information that’s coming out is there’s
an overreaction with a number of core Nevarez patients
increasing around the world the instability in global markets is likely
to continue Kim Mugen Arirang news

Tagged : # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # # #

One thought on “Global stock markets plunge on virus fears”

  1. Virus fears, AND supply chain concerns. Grandma getting sick is bad, but having no food at the supermarket for 3 months is worse.

Leave a Reply

Your email address will not be published. Required fields are marked *