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.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 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 PROMETHEUS 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 or PROMETHEUS LTD." 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. Read more. Continue

Help with deposit?