Coronavirus Wreaks Havoc In Global Markets
Outlook Money|April 2020
Experts fear there may be one more leg of fall if the virus becomes an epidemic in the US
Vishav
Coronavirus Wreaks Havoc In Global Markets

It all started in China at the rise of the year 2020. A virus brought a whole nation to stand still, and then began its spread towards the rest of the world. Stock markets crashed. Fake news and rumours spread. People panicked and started hoarding essential goods, and then locking themselves in their homes. It may all sound like the plot of a blockbuster science-fiction Hollywood film, but this is what the world has been going through with the outbreak of the COVID-19 coronavirus - a new virus whose cure and antidote are not known.

Towards the later half of March, the virus had infected close to 2,50,000 people across the world killing around 10,000. The second-biggest casualty, after human life, in this epidemic is perhaps people’s wealth, irrespective of which country they belong to as stock markets crashed dropping as much as 30 per cent by the third week of March, erasing one-third of people’s wealth in the equity markets.

According to S&P Global, the total return in euros from the S&P Europe Broad Market Index, which tracks the share prices of more than 1,500 listed European companies, has fallen 33.3 per cent since Jan. 1. The S&P BMI for the real estate sector has fallen 38.4 per cent.

From the levels of close to 30,000, Dow Jones, a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States, dropped to the levels of 19,000. Japan’s Nikkei 225 index nosedived to levels of 16,000 from the highs of 24,000. UK’s FTSE 100 dropped 30 per cent while Italy’s and France’s benchmark indices fell even sharply by almost 40 per cent. In India, both NIFTY and Sensex fell over 30 per cent.

According to former Finance Secretary Subhash Chandra Garg, the largest turmoil post spread of COVID-19 in Europe and North America is in the stock markets.

هذه القصة مأخوذة من طبعة April 2020 من Outlook Money.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة April 2020 من Outlook Money.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من OUTLOOK MONEY مشاهدة الكل
Gold ETFs And FoFs
Outlook Money

Gold ETFs And FoFs

While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.

time-read
2 mins  |
November 2024
PLANNING TO BUY CHILD INSURANCE? THINK TWICE
Outlook Money

PLANNING TO BUY CHILD INSURANCE? THINK TWICE

Child insurance plans combine insurance and investment but often offer low returns due to high costs, making a combination of a term insurance cover and mutual fund a better option for securing your child’s higher education needs

time-read
7 mins  |
November 2024
How Do You Define Happiness?
Outlook Money

How Do You Define Happiness?

Money does buy happiness, but after a while, the appeal fades. We talk about our relationship with money, but, maybe, it’s time to revisit our relationship with happiness

time-read
5 mins  |
November 2024
Avoid Crypto As It Is Highly Volatile
Outlook Money

Avoid Crypto As It Is Highly Volatile

I am 22 years old and have recently started working. I want to invest a small portion of money in cryptocurrency. How should I go about it? Does it require a huge capital investment?

time-read
2 mins  |
November 2024
Invest Right, Don't Speculate
Outlook Money

Invest Right, Don't Speculate

The lure of high returns and quick gains from equity tips, cryptocurencies, and equity F&O can be enticing. But remember, return of capital is more important than return on capital

time-read
4 mins  |
November 2024
The Wedding & Budget: Is Minimalist Trend The Right Knot For You?
Outlook Money

The Wedding & Budget: Is Minimalist Trend The Right Knot For You?

Indian weddings are known for their pomp and grandeur, but minimalist weddings are also in vogue now. Dia Mirza was one such celebrity who went for a minimalist wedding. If you also want to keep things minimal on your big day, here’s how to do it

time-read
9 mins  |
November 2024
Here's How To Buy An ETF?
Outlook Money

Here's How To Buy An ETF?

Mutual funds are the preferred choice for retail investors. However, they come at a cost and fund management risk, apart from other risks. A smarter alternative is to invest through ETFs.

time-read
1 min  |
November 2024
How Passive Funds Help Diversify
Outlook Money

How Passive Funds Help Diversify

Passive funds provide a simple way to invest in broad markets as well as in specific themes and sectors, making them ideal for an investor's satellite portfolio

time-read
2 mins  |
November 2024
The Rise Of Passive Funds
Outlook Money

The Rise Of Passive Funds

The popularity of passive funds among retail investors has risen post Covid, and fund houses are out with many variations of ETFs and index funds. Does this category present a new opportunity for investors?

time-read
10 mins  |
November 2024
Tax Reforms: What's In Store?
Outlook Money

Tax Reforms: What's In Store?

The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms

time-read
10+ mins  |
October 2024