Wall Street ended a rough day on Thursday for global stock indexes, which are headed for their worst week since the 2008 crisis as the coronavirus epidemic spread across the globe.
The flagship index of the New York Stock Exchange, the Dow Jones, accelerated its losses at the very end of the session to collapse by more than 1000 points, or 4.4%. It has plunged more than 11% since the start of the week.
This Friday morning, the European stock markets opened the session down sharply, investors fearing the worst. The biggest drop occurred in Frankfurt, the flagship index of the German market, the Dax, having dropped 3.85%. “The fire in the Dax seems out of control“To the point of raising fears of a” stock market crash “, explains Timo Emden, analyst at Emden Research. Madrid and London lost 3.11% and 3.05% respectively, bringing their decline to more than 11% in one week, while Milan dropped 3.08%. The Paris Stock Exchange, for its part, sank further (-3.36%) at the opening, approaching the floor of 5,300 points, a level seen more since the end of August 2019.
In Asia, the Tokyo Stock Exchange suffered another massive fall, while Shanghai was down almost 4% and Shenzhen about 5% at the close.
– .
