Stocks suffer as countries stop business operations to contain virus

23.03.2020 - Kulakov Vladimir
Stocks suffer as countries stop business operations to contain virus

SYDNEY- Asian shares dropped on Monday as series of national lockdowns endanger authorities’ schemes of nursing economic disruptions and what appears to be a sharp worldwide recession brought by the novel coronavirus.

S&P 500 E-mini futures sunk down 5% while the EUROSTOXXX 50 futures plummeted 6.4%. MSCI”s broadest index of Asia-Pacific shares shed 3.8% as New Zealand’s stock market declined by 10 due to government’s decision of closing some businesses.

Shanghai blue chips tumbled 2.3% and Japanese benchmark index Nikkei managed to performed well with 0.8%, supported by expectations of a more upbeat asset purchase by the Bank of Japan.

Various airlines had already cancelled flights as Australia and New Zealand released its recent memorandum particular to non-essential domestic travel. In line with this, United Arab Emirates restricted travel for two weeks while Singapore and Taiwan refused to welcome foreign passengers.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from Umarkets.com or Market Solutions limited." Cookies notification: “We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Continue
×

Help with deposit?