Global shares suffer as worldwide contagion rattles stock markets

13.03.2020 - Korneychuk Evgeniya
Global shares suffer as worldwide contagion rattles stock markets

SINGAPORE- Global shares declined the sharpest on Friday, putting an end to years-long upbeat performance as novel coronavirus contagion disrupted trading activities and left investors uncovered.

An estimated five-hundred billion dollars in liquidity from the US Federal Reserve and an assurance of giving more were inadequate to ease the tension that has erased $14 trillion from global stocks in just one mont

Japanese stocks plummeted as markets across Seoul and Jakarta punched through down limit circuit breakers. The Nikkei .N225 declined 10% and is on track for sharpest weekly inactivity since the 2008 global financial crisis and majority of stocks are trading in red.

MSCI’s broadest index of Asia-Pacific shares outside Japan slid and fell flat to where it used to trade back in 2017. The previously sought oil and gold declined as investors tried to save everything to offset setbacks.

Australian benchmark sunk deeper with 8% loss and is approaching its dull week. Across South Korea, won was poorly beaten and the Kospi .KS11 dropped 7.7%. Moreover, Hong Kong’s Hang Seng index and China’s Shanghai composite .SSEC were depleted by 5% and 3% respectively.

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