WORLD – Global Stocks In A Downfall. Global stocks took a downward turn, on Wednesday, after a rise in the number of fatalities recorded from the coronavirus pandemic in the United States and Europe.
According to details, the European STOXX 600 index was down 1.3 percent. Whereas, London’s FTSE 100 drop 1.7pc, after UK’s coronavirus death toll crossed 6,100. Germany’s DAX declined 1.1pc, as the number of confirmed cases rose for a second straight day. Similar sentiments are in Italy and France as well, with bourses down 0.9pc and 2pc, respectively.
The hospitalization from COVID-19 seemed to be leveling off in New York state. However, deaths across the US jumped by a record of more than 1,800. Meanwhile, France has officially registered more than 10,000 deaths from coronavirus, and now has the fourth-largest tally after Italy, Spain and the US.
Global Stocks In A Downfall.
The Indian stocks ended in the red at the close, Sensex ended 170 points lower at 29,893 while Nifty50 slipped to 8,748. In Southeast Asia, Indonesian stocks were down 3.2pc, whereas, bourse in Australia remained flat at negative 0.8pc.
Meanwhile, Japanese shares are experiencing a boost after Prime Minister Shinzo Abe’s ending market uncertainty by declaring an emergency. This helped the Nikkei share average close 2.13pc higher. Stocks in South Korea remained flat with a decline of 0.9pc. Hong Kong’s Hang Seng dipped 1.2pc.