U.S. financial markets show again decline amid coronavirus

By | March 11, 2020
U.S. financial markets show again decline amid coronavirus

Markets in other countries on Wednesday showed mixed dynamics

U.S. financial markets opened sharply on Wednesday and continue to show generally negative dynamics against the background of investor anxiety over coronavirus.

The Dow Jones Industrial Average lost almost 3 percent at the opening of trading, as did the index of the SP 500. The Nasdaq composite index opened down 2.6 percent.

Elsewhere, markets closed on Wednesday with mixed dynamics, with Asians showing a slowdown and European growth.

Japan’s Nikkei index lost 2.3 percent by the close of trading, Hong Kong’s Hang Seng lost about 0.7 percent and China’s Shanghai Composite Index lost 0.9 percent.

London’s FTSE exchange opened with growth, helped by the Bank of England’s decision to cut interest rates by 0.5 percent to 0.25 percent in the wake of the coronavirus outbreak.

In France and Germany, markets also showed growth.

On Tuesday, the U.S. recorded notable growth: the three leading indices, the Dow Jones, the S’P 500 and the Nasdaq, added 5 percent.

Volatility has gripped global markets amid an outbreak of coronavirus that has been diagnosed in more than 114,000 people and claimed more than 4,000 lives.

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