Sellout on stock markets: Pandemic panic pushes Dax below 10,000 points

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Since the start of the Corona crash in the last week of February, the Dax has lost more than a quarter. The record high of 13,795 points from mid-February is now miles away.

After the recent casualties, the announcement made by US President Donald Trump that night Close US borders for foreigners from Europe, for new print. “We will suspend all travel from Europe to the US for the next 30 days,” Trump said in a speech to the nation. This does not apply to travelers from Great Britain.

This measure caused further price losses on the Asian stock exchanges and in Tokyo, and futures on US indices also fell significantly. The Japanese leading index Nikkei 225 lost more than four percent. In the USA, the future on the Dow Jones Industrial is also pointing to a very weak start on Wall Street after the Dow had already slumped by almost 6 percent the previous day.

Trump locks out Europeans

In addition to the US entry freeze, there was bad news from Italy, the country most severely affected by the novel corona virus in Europe. The situation has worsened there.

The government in Rome ordered further measures against the spread of the coronavirus on Wednesday evening after a sharp rise in deaths and closed bars and restaurants and almost all shops. Only grocery stores and pharmacies are still open, said Prime Minister Giuseppe Conte. All unnecessary business activities would have to be stopped. All company departments that are not indispensable for production would have to close.

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