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The coronavirus epidemic appeared in January, but the markets reacted with a collapse only at the end of February. Until then, the epidemic that had spread in China was considered local. But after the emergence of a new outbreak in Italy and many new cases in Europe, it ended traders' patience. Against the backdrop of a breakdown in economic ties and a decline in production, Dow Jones has lost more than in the last weeks. Has the bottom been reached yet? Is the coronavirus so terrible? What are the outlook for the Dow Jones in the coming weeks? I will try to answer these questions in this article.
Dow Jones Crash: Stock Market Crashes Due to Coronavirus Panic From February to March in just under weeks, the Dow Jones has lost over , plummeting from an all-time high of . During the last week of February, the Fax Lists global market lost 5 trillion dollars. In capitalization, the US stock market lost trillion US dollars. The Financial Times called the first week of panic the worst since the 2008 crisis. Dow Jones and coronavirus: summary of events For the first time, an imminent coronavirus epidemic was discussed in early January this year, when China began to record a sharp increase in the number of cases.
The epidemic partially affected several countries in Asia, but the US stock markets did not respond to this, and on February , Dow Jones updated its all-time high to . Investors considered that the epidemic was local, not dangerous and that It would soon be taken under control. Expectations of a quick solution to the epidemic were not met. On February , Italian authorities reported the first six cases, the next day there were. This turned out to be enough for investors to immediately withdraw money from all global markets for fear of further spread of the coronavirus. The panic sell-off continued into the following week.
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发表于 2024-3-9 13:08:36