Financial markets in mayhem as the economic impact of coronavirus sets in
Dow Jones Industrial Average dropped nearly 1000 points in the early trading session on Monday as global stock markets crashed. Coronavirus cases outside China increased as Italy and South Korea reported a massive rise. Investors are worried about the economic impact of the virus as COVID-19 has put major economies like China, Singapore, Italy, and South Korea at risk. FTSE, DAX, CAC and FTSE MIB all dropped more than 3%.
china us economy italy markets korea stock coronavirus wuhan
CNNRelated Articles
Best performing stock market in Asia
Best performing stock market in Asia
A New York-based financial markets research firm marketcurrentswealthnet.com termed Pakistan Stock Exchange as the best performing stock exchange in Asia and fourth-best in the world. "PSX benchmark KSE-100 index has given a return on investment of 38.5% in dollar terms as foreign capital has been flowing into the market after the yield on the nation's bond fell below double digits," the report said.
pakistan market stock exchange asia
AA
Elon Musk Gains $8 Billion to Become World’s Fourth-Richest Person
Elon Musk’s financial upswing shows no signs of slowing. The rise vaulted the Tesla co-founder past French luxury tycoon Bernard Arnault, the wealthiest non-American on the Bloomberg Billionaires Index. Musk’s fortune has grown by $57.2 billion this year, the second-biggest increase on the index after Amazon.com Inc. founder Jeff Bezos’s.
technology business markets wealth valuation sp-500-index amazoncom-inc tesla-inc pursuits elon-reeve-musk bernard-arnault mark-elliot-zuckerberg billionaires space-exploration-technologi
Bloomberg
Gold prices dropped 6%, the worst single-day decline in seven years
Gold prices fell more than 6% yesterday, the worst one-day decline in seven years as investors’ risk appetite returned, boosting U.S. stocks. Spot gold tumbled as much as 6% to $1,927.30 per ounce, down sharply from Friday’s record intraday high of $2,089.20. On Wednesday morning during Asia hours, spot gold fell further, last trading at $1880.16
china us crisis prices gold
CNBC
China’s exports jumped 7.2% against an estimated 0.2% fall
Dollar-denominated exports in China jumped 7.2% year-on-year, economists at Reuters predicted a fall of 0.2%. In July, China posted a trade surplus of $62.33 billion, beating the $42 billion economists had expected. China’s trade surplus was $46.42 billion in June. Despite the coronavirus pandemic hitting global demand, exports from China have held up as exports in medical supplies jumped in the first half of the year
trump china us economy
CNBC