The Collapse in Markets Yesterday

The Collapse in Markets Yesterday

With the Coronavirus outbreak and the policy mistakes of governments, there were serious collapses in global markets yesterday. Stocks in the markets yesterday hit record lows in currencies, cryptocurrencies. In the US, the S&P 500 Index has suffered a record low since 1987. In Europe, markets watched the same way. Dollar demand in currency markets soared as stock markets suffered historic collapses. Recently gold, known as' safe haven', also fell hard. Cryptocurrency Bitcoin also failed to escape the decline. Currency strategist Chris Turner described the move in global markets as dizzying, saying "Thursday was one of the darkest days seen since the financial crisis." RECORD OF 30 YEARS U.S. stock markets recorded the most declines since 1987. All 3 indexes also fell over 9%. The S & P 500 Index entered the bear market, losing all its gains since the end of 2018. Proceedings were suspended for 15 minutes due to the fall immediately after the US opening. HISTORIC DECLINE IN EUROPE, TOO The European index Stoxx 600 was at a historic low after the European Central Bank's botched policy moves. The US barrier to travel to Europe was also effective in the decline. From the market value of European exchanges, $ 4 trillion has been garbage since sales began last month.