World Stock Markets Are Having Worse Times Than Black Monday

World Stock Markets Are Having Worse Times Than Black Monday

In the last 10 days, the world stock markets have experienced 2 'Black Monday' and 1 'Black Thursday'. The concern caused by the coronavirus epidemic continues to be felt at high exchanges. Yesterday, the S&P 500 index fell 12 percent in the US, experiencing its worst day since 'Black Monday' 30 years ago. Dow Jones dropped 12.9 percent, while the Nasdaq composite index, which includes tech giants, fell 12.3 percent. It has become a tradition to add the term 'black' to the beginning of that day when there have been large declines in stock markets for many years. However, since the coronavirus epidemic started, there have been such ups and downs so far that this tradition has started to normalize. In the last 10 days, the world stock markets experienced 2 'Black Monday' and 1 'Black Thursday'. In the days in question, major collapses were experienced in Europe, Asia, America, and Africa, all over the world stock markets. On Monday, March 9, Dow Jones fell 8 percent, and S&P 500 fell 7.9 percent, and Nasdaq dropped 7.2 percent. On Thursday, March 12, indices fell 10 percent, 9.5 percent, and 9.4 percent, respectively.

Declines Continue in Europe

Even though the London Stock Exchange rose 2 percent at the opening today, it dropped 3.1 percent towards noon. The CAC 40 index in France also returned 1 point after rising 4 percent at the opening and is down 1.4 percent. In addition, the DAX index in Germany has also dropped by 1.4 percent.