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Friday, September 20, 2024

Omicron surprised the world’s stock markets

Concerns about the dire consequences of identifying a new strain of the corona virus called omicron in Africa, along with rapid changes in global markets, have sent shockwaves through the world’s stock markets.

According to Pak Sahafat news agency, the economic magazine Lapapital Argentina, major global markets fell sharply following the identification of a new strain of the coronavirus in Africa called “omicron”.

Economic users have expressed grave concern about the final impact of this trend on global activities, with the re-imposition of possible restrictions.

The Omicron invasion seriously affected the global stock portfolio. Black Friday in global markets was accompanied by the collapse of the US and European Wall Street stock exchanges, and bitcoins were forced to retreat seriously.

Read more: New coronavirus variant jeopardises India’s South Africa tour: https://www.paksahafat.com/en/?p=15857

The Spanish Economist also wrote about the rapid and emotional consequences of this new virus: The threat of a new strain of the corona virus called omicron, first discovered in Africa, could cause a 180-degree turn in global economic markets, central banks, inflation and oil, given its relative relative resistance to existing vaccines.

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US Stock Exchanges

On American Wall Street, all indicators were down; To the extent that the two indices of all three main stock exchange indices closed at a lower level than the day before.

The Dow Jones Industrial Average closed down 2.53 percent from the previous day at 34,899.34.

The S&P 500 index fell 2.27 percent to 4,594.62 points and the other major US stock index, the Nasdaq Composite, fell 2.23 percent to 15,491.66 points.

European Stock Exchanges

European stock exchanges also saw a sharp decline to 4.9 percent.

Ibupas Sao Paulo (Latin America’s largest shopping mall in Brazil) also fell 3.39 percent.

The “Fotsy 100” index of the London Stock Exchange closed with 3.64% decrease compared to the previous day and closed at the level of 7044.03 units.

The “Dex 30” index of the Frankfurt Stock Exchange in Germany ended its work with a fall of 4.15% and stood at the level of 15,257.04 units, and the “Coke 40” index of the Paris Stock Exchange with a reversal of 4.76% at the level of 6739.73 the unit was closed. In Madrid, the Ibex 35 index fell 4.95 percent to 8402.70 points.

Asian Stock Exchanges

Indices performed poorly on Asian stock exchanges; The Nikkei 225 index on the Tokyo Stock Exchange fell 2.53 percent to 28,751.62 points. The Hong Kong Stock Exchange’s “Hong Sang” index fell 2.67 percent to close at 24,80.52.

In China, the Shanghai Composite Index fell 0.74 percent to close at 4,860.13. In Australia, the S & PS & S 200 Index of the Sydney Stock Exchange closed with 1.73% decline and stood at 7279.35 points.

Japan’s Topix was also down. (The criterion for calculating price changes was the closing hour of daily trading on the New York Stock Exchange).

The spread of the new Corona strain has led to growing concerns around the world and the retreat of markets, including cryptocurrencies.

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