Financial markets are struggling to get on their feet after suffering losses. Unfortunately, it was another turbulent day for the stocks. Investors, analysts, as well as authorities are trying to analyze the situation. However, as the coronavirus outbreak is far from being over, it is hard to say how the markets will react and what will happen to the global economy.
On Monday, India’s Nifty 50 index dropped 12.98% to close at 7,610.25. Furthermore, another index BSE Sensex ended its trading day 13.15% lower at 25,981.24.
Importantly, both indexes had to suspend trading for a while after the Sensex index fell 10%, triggering a circuit breaker.
On March 23, Australia’s S&P/ASX 200 declined 5.62% to close at 4,546.00.
In Singapore, the Straits Times Index fell 7.35% to close at 2,233.48.
South Korea’s Kospi index dropped 5.34% to end its trading day 1,482.46.
Hong Kong’s Hang Seng index fell 4.82% to close at 21,696.13. Since 2019, political unrest created additional pressure on the stock markets. Moreover, the ongoing coronavirus outbreak became another problem for the local economy.
Hopefully, Japan’s Nikkei 225 index gained 2.02% to close at 16,887.78. The Topix index also strengthened its position. Its index added 0.68% to end its trading day at 1,292.01.
Stocks, investors, and governments
Governments and central banks around the globe have to cope with one of the worst health crises of this century. For example, the Federal Reserve reduced the interest rates and intervened to stabilize the debt markets.
A Couple of months ago, it was hard to imagine that coronavirus would become the most serious challenge to the global economy.
Nevertheless, governments are working round the clock to soften the impact of the outbreak
As stated above, stocks in Asia declined as coronavirus continues to spread across the globe. People should comply with regulations issued by the authorities. This way, it will be easier to contain the virus. As a result, this move will reduce the pressure on the stock markets.
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