Sun, April 14, 2024

Stocks: Nifty 50 fell 12.98% on March 23

stocks, Goldman Sachs and its forecast

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 governmentsStock markets in Asia

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.

YOU MAY ALSO LIKE

Market Trends

Quick Look: Cronos Group stock fell by 2.53%, closing at $3.47. Trading

The Central Bank of Russia and crypto, nickel

Quick Look: Nickel smelting causes local communities severe health problems and environmental

Tractable raises $60M to grow in accident - robot recovery

Quick Look: The Robot Market in China is projected to grow from

COMMENTS

Leave a Comment

Your email address will not be published.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

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending

BROKER NEWS

Axi Renews CFD Sponsorship Deal with Football

The Australian Federal Court has ordered Prospero Markets, a trading broker for forex and CFDs, to shut down and has appointed a liquidator to refund client money. This move follows a demand from

BROKER NEWS

Broker News

Axi Renews CFD Sponsorship Deal with Football

The Australian Federal Court has ordered Prospero Markets, a trading broker for forex and CFDs, to shut down and has appointed a liquidator to refund client money. This move follows a demand from the