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World stock exchanges are recording a sharp decline due to fears of a second wave of the Corona virus

2020-10-28T18:08:47.805Z


Paris-SANA World stock markets recorded a sharp decline due to fears of a second wave of the Corona virus. FRR reported


Paris-Sana

World stock markets recorded a sharp decline due to fears of a second wave of the Corona virus.

And Agence France-Presse reported that the Frankfurt and Milan stock exchanges recorded a decline ranging between 3 percent and 3.6 percent, while the London Stock Exchange lost 27.2 percent of its value.

European and American concerns about the high number of Coronavirus infections affected the financial markets in Asia, which recorded a slight decline, while also affecting oil prices, as the price of a barrel of American crude to West Texas Intermediate for December delivery fell by more than five percent, and the price of a barrel of North Sea oil decreased by more than five percent. Just under five percent.

The German DAX index fell as much as 5% (4.2%), the European STOXX 600 index fell 3%, while the main French index fell 3.4%.

The information technology sector suffered heavy losses. In the lowest of the "CAC 40" index companies, the share price of "TOS" fell 6.58 percent to 58.50 euros, while the prices of "Altin" shares fell by 13.7 and "Supra Styria" by 13.60 percent.

In the tourism sector, shares of InterContinental Hotels Group lost 1.40 percent of their value, and AIG, the parent company of British Airways, lost 3.34 percent.

In addition, Germany announced the closure of fitness centers, swimming pools, service companies, beauty centers, restaurants, clubs and cultural institutions, starting from November 2.

Source: sena

All business articles on 2020-10-28

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