As a result of the worsening coronavirus crisis, the German standard index Dax fell below the 9000 point mark on Monday. Shortly after the start of trading, the stock market barometer fell to 8,491 points. That was a drop of 8 percent compared to Friday’s closing level and also the lowest level since February 2016.

It was only on Thursday that the Dax closed with the second largest percentage daily loss in its more than thirty years history under the 10,000-meter mark. From a weekly perspective, there was a decrease of around 20 percent.

The courses in Asia had already slipped further on Monday morning. The Japanese leading index Nikkei-225 lost 2.5 percent to 17,002 points. In China, the CSI, with the 300 most important shares on the Chinese mainland stock exchanges, fell 4.3 percent to 3727.84 points.

On Sunday, the American central bank resorted to drastic means in the face of fears of a recession due to the virus crisis.

In an emergency campaign, she surprisingly lowered the key interest rate by a full percentage point to almost zero percent and announced a package of measures in coordination with other central banks. But this did not reassure market participants on Monday either.

© The Eastern Herald

Follow us on Google News! and Flipboard!