Global stock markets plunged for the last two consecutive days. While the scale was relatively smaller than yesterday in Asian & Pacific and European markets, US major stock indices have gone down as much as yesterday. DJIA lost about 1,900 points in just two days.
Japanese and Russian markets opened today for the first time in this week because of their bank holiday, and the impact was well priced in for the last Monday when the other markets plummeted. For example,
Nikkei 225 >> -3.3%.
RTS index >> -5.1%.
Kospi index >> +1.2%.
S&P/ASX 200 >> -1.6%
There is another market being back from the national holidays, Brazilian stock market opening ahead. Tomorrow (Wednesday) is a key for the market opening. While Asian & Pacific markets were relatively mild on Tuesday, US market was devastated again and it could trigger further crash in Asian & Pacific market on Wednesday.(Nikkei 225 future digged 2.4% by last closing.) Then, European markets could follow the negative sentiment as the Covid-19 recently brought anxious mood into Italy and Europe. Unless breakthrough for the corona virus is indicated, the global markets are unlikely to turn optimistic in coming days.
On Thursday when Brazilian stock market finally opens, it is inevitable to face massive loss and it could overshoot like downward spiral as it is the first opening since last week. The scale depends on how the other markets move next 1 or 2 days, but it can go down by 10%.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.