European and American stock markets tumbled, Dow fell more than a thousand points, the biggest daily decline in nearly two years

Chinanews client Beijing February 25th (Xie Yiguan) On the 24th, local time in the United States, affected by the global spread of the new crown epidemic, the US stock market panic index skyrocketed. The three major US stock indexes gapped and opened lower after the gap opened. The Dow fell more than Thousands of points fell below the 28,000 point mark, and technology stocks were severely defeated.

As of the close, the Dow fell 3.56% to 27960.80 points and fell below the 28,000 points mark; the Nasdaq fell 3.71% to 9222.28 points; the S & P 500 index fell 3.35% to 3285.89 points. The Dow and the S & P 500 Index recorded the largest single-day drop since February 2018, and the Nasdaq recorded the largest single-day drop since December 2018.

The closing performance of the three major US stock indexes.

Large-scale U.S. technology stocks have been severely hit because the market believes that the value of high-market technology companies needs to be re-evaluated and the dual impact of the new crown pneumonia epidemic. Apple fell 4.75%, Amazon fell 4.14%, Naifei fell 2.99%, Google fell 4.29%, Facebook fell 4.5%, Microsoft fell 4.31%, and Tesla fell more than 7%.

Financial stocks fell across the board, JPMorgan Chase fell 2.69%, Goldman Sachs fell 2.63%, Citigroup fell 5.12%, Morgan Stanley fell 5.25%, Bank of America fell 4.77%, Wells Fargo fell 2.75%, and Berkshire Hathaway fell 3.07%.

U.S. energy stocks also fell sharply, with Exxon Mobil down 4.65%, Chevron down 3.94%, ConocoPhillips down 3.52%, Schlumberger down 7.38%, and EOG Energy down 5.83%.

Some analysts pointed out that the current US stocks are at historical highs, and when the new crown epidemic is still unknown, the stock market may fall further. However, the famous American investor Warren Buffett said recently that the spread of the new crown virus has weakened the US economy, but it is still healthy.

Under the spread of panic, European stock markets fell, the British FTSE 100 index fell 3.34% to close at 7158.83 points; the French CAC40 index fell 3.94% to close at 5791.87 points; the German DAX index fell 4.01% to close at 13035.24 points.

In the Asian stock market, the A shares closed on the 24th. The three major stock indexes fluctuated. The Shanghai Composite Index closed at 3031.23 points, down 0.28%; the Shenzhen Component Index closed at 11,772.33 points, down 1.23%; the GEM Index closed at 2263.97 points, down 1.68%; Hong Kong The Hang Seng Index fell 1.79%; South Korea's KOSPI index fell 3.87%; FTSE Singapore's STI fell 1.22%.

Affected by the plunge in the US and European stock markets overnight, on the 25th, stock markets across the Asia Pacific region opened green. The Nikkei 225 index fell 4.48% at the beginning of the opening; the South Korean KOSPI index fell 0.14% at the opening; Hong Kong's Hang Seng fell 0.37% at the opening;

Fueled by market risk aversion, COMEX April gold futures closed on the 24th up 27.8 US dollars to close at 1676.6 US dollars per ounce, an increase of 1.69%. (Finish)