On Thursday, shares of Wall Street experienced what can be described as a historic drop due to the fears connected with coronavirus outbreak. Stock markets around the world are struggling to deal with problems.
On Friday, Australia’s S&P/ASX 200 made a dramatic comeback as it recovered from earlier losses. The S&P/ASX 200 index added 4.42% to end its trading day at 5,539.30. Nevertheless, the index remained in bear market territory,
Hopefully, India’s Nifty 50 index added 2.15%. However, in Thailand, the SET composite index was last declining 0.98% after a brief turnaround earlier.
Unfortunately, stocks in Japan also failed to strengthen their positions. For example, the Nikkei 225 dropped 6.08% to close at 17,431.05. Importantly, at some point, the index even fell 10%.
The Topix index fell 4.98% to end its trading day at 1,261.70.
The situation was also quite difficult in South Korea. Kospi index declined 3.43% to close at 1,771.44. Meanwhile, the Kosdaq index dropped 7.01% to end its trading day at 524.
Moreover, Hong Kong’s Hang Seng index fell 1.49%.
It is worth mentioning that mainland Chinese stocks also declined on Friday. The Shanghai Composite dropped 1.23% to about 2,887.43. Meanwhile, the Shenzhen component fell 1% to 10,831.13. Also, the Shenzhen composite dropped 1,076% to around 1,798.98.
In Singapore, the Straits Times Index was 2.24% lower in afternoon trade. Malaysia’s FTSE Bursa Malaysia KLCI Index fell 4.42%.
Moreover, Indonesia’s Jakarta Composite also fell by 2.4%.
The coronavirus epidemic continues to affect the stock markets in different parts of the world. On Friday, shares of airlines declined due to ongoing situation. Australia’s Qantas Airways fell 12.64%.
Also, shares of ANA Holdings dropped 7.59%, and shares of Japan Airlines fell 12.51%. Interestingly, shares of Korean Air Lines dropped 5.07%.
Shares of China Southern Airlines fell 2,.92%, and Singapore Airlines’ in Singapore fell 2.86%.
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