[Global Stocks Disaster] European stock markets fall more than 5%

Financial news

Written by: Zhai Ziqian

2020-03-12 17:50

The European Central Bank announced the results of its interest rate discussion tonight at 8 pm Hong Kong time. However, this morning, US President Trump announced that he would ban European tourists from entering the United States. The stock markets in the Asia-Pacific region fell across the board. The major European stock markets underwent a downward trend and fell sharply in the early stages. The UK's FTSE index fell 5.8%; Germany's DAX index fell 6.6%; France's CAC index fell 6.6%; Italy's FTSE MIB index fell 5.9%.

[18:43] HSBC London shares fell 5.8%

HSBC (0005) 's latest share price in London fell 5.8% to HK $ 45.3, which is 2.9% lower than the closing price in Hong Kong. Standard Chartered (2888) 's London stock price was as low as 4.377 pounds, equivalent to 43.39 Hong Kong dollars, 6.6% lower than Hong Kong.

[18:25] The latest decline in oil prices expanded more than 5%

WTI crude oil futures fell as much as 6% at 30.97 US dollars; Brent oil futures also fell more than 6% at 33.59 US dollars.

[17:30] The road period has repeatedly hit 22344 points to stop quoting

The Dow Jones Industrial Index futures recently reappeared the "down limit board". Since 5.20 pm in Hong Kong, it repeatedly hit 22344 points, a drop of 5.22%, and stopped updating its quotes. The Nasdaq futures and the index futures also fell more than 5%. .

According to Bloomberg, the stock markets in Thailand and the Philippines plunged 10%, the biggest drop in Asia, and triggered the "fuse-cutting mechanism"; while the Indonesia Stock Exchange just tightened its rules, the Jakarta Composite Index fell 5%, which also triggered " Fusing. " The report mentioned that the Thai SET index and the Philippine Stock Exchange Index both had their biggest declines since October 2008, because the two countries relied heavily on tourism and had open capital accounts, so foreign investors quickly lightened their positions.

U.S. stocks fuse European markets