TA 35 and 125 indices closed 0.05% and 0.12% up respectively • US: NASDAQ and S&P up 1% • China: New Year's holiday extended to deal with crisis
Coronation virus panic // Photo: IP
More than a week has passed since the Corona epidemic erupted, and stock exchanges in Israel and around the world appear to be recovering from the sharp declines.
TA 35 and 125 closed yesterday with slight gains of 0.05 and 0.12%, respectively. The TA SME60 index rose 0.6%. These are slight increases, but they are a trend change after the various indices plunged 1.6% to 1.4%, with oil stocks falling 2.5%.
In the US, as of yesterday evening, Israel's watch, before trading closed, the main indices - Dow Jones, NASDAQ and S&P - were up about 1% each, after closing Tuesday night with declines close to - 2% each.
The Dow Jones lost all its gains since early 2020, dropping to below 29,000 points. The British Potsi, the German Dax and the European Stocks Index each rose close to 1% - down 2.7% to 2% yesterday. In Asia, the Hong Kong Stock Exchange will only open today, and its open exchanges - in South Korea, Singapore and Australia - have recorded price declines. In China, the source of the epidemic, the stock exchange will only operate next Monday, following the extension of the country's New Year's holiday. The yuan, the Chinese local currency, recorded a 1% depreciation.
Michael Tier, a member of the board of directors of GMT specializing in transfer and money transfer, and for the sub-bank of the Bank of Jerusalem, explains that the tourism implications will be felt not only in China but worldwide. "China is tightly connected to world countries and the West," Tyre told Israel Today. , Japan and Australia. "
