InvestorQ : Why have all the equity markets across the globe fallen so sharply in the last week and will this crash sustain?
Aashna Tripathi made post

Why have all the equity markets across the globe fallen so sharply in the last week and will this crash sustain?

Answer
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Tisha Malhotra answered.
7 months ago


The Chinese virus has left a deep impact on the equity markets. During the week, the Sensex lost close to 3000 points and the Nifty has now given up 10% from its peak. But the virus pandemic has literally hit markets across the globe. Some of the numbers pertaining to the fall in the Dow Jones Industrial Average were staggering. The Dow lost nearly 10% in one week, the worst performance since the Lehman crisis. Even the NASDAQ fell sharply. But the US markets were not alone. The UK FTSE and the German DAX were also down more than 10% in a month as the Chinese virus threatened to spread its wings to Europe. In Asia, the damage has been across the board with Japan and most of Asia taking deep cuts even as Australian markets sank. In fact, virtually none of the markets have been spared.