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Stocks Tumble With Investors Losing Faith in Trump


Thursday, 12 March 2020 23:29 WIB

DOW JONESS & P 500SahamAS


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The rout in global stocks deepened as investors showed a lack of faith in the U.S. and European policy responses to the worsening spread of the coronavirus. The dollar surged.

The S&P 500 Index plunged as much 8.8% and the Dow Jones Industrial Average posted its biggest loss since the flash crash in May 2010. European stocks tumbled 12% in a record intraday rout. The selling that started the U.S. day triggered a 15-minute NYSE-mandated halt, and trading will stop again if S&P 500 losses reach 13% any time before 3:25 p.m. in New York.

Ten-year Treasury yields declined, but came off their lows of the day. Oil dropped along with gold. Brazil’s currency fell to a record.

Source : Bloomberg


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