InvestorQ : What has led to the global markets crashing once again on 16 March?
Debbie Mascarenhas made post

What has led to the global markets crashing once again on 16 March?

Answer
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Crowny Pinto answered.
7 months ago


It was another day of carnage on 16 March and the Dow has lost 5000 points since the Fed cut rates on Sunday. Markets are seeing this as a clear admission of a slowdown. US cracked sharply on 16 March as it turned out to be another Black Monday for the US markets. As US went into a partial shutdown over the Coronavirus, the Dow crashed by 13% or 3000 points while the NASDAQ lost nearly 1000 points during the day. The European indices were all down by nearly 5% each. SGX Nifty is in the green but it will take a lot of doing from these levels for the markets to pick up. It is estimated that more than $14 trillion has been wiped out from world market cap.