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Following the World Health Organization's Declaration of Corona19 global pandemic, the world's financial markets were in panic as the United States decided to lock it in Europe for a month. Stock markets in major European countries such as the UK, Germany and France plunged more than 10%, and New York stock markets fell sharply for the second straight night. Washington Connect.

Correspondent Sohn Seok-min, New York stock market today (13th), the drop is significant, but please let me know.

<Reporter>

It is a continuation of the fall where the bottom is not visible.

The New York Stock Exchange, which recorded the worst decline since the 2008 financial crisis three days ago, broke the record again today.

The New York Stock Exchange Dow Index plunged 2,352 points, 9.99%.

It fell 5.86% yesterday after the World Health Organization's Pandemic Declaration, and fell more than 16% in just two days.

The S & P 500 and NASDAQ index also fell 9.51 and 9.43%, respectively.

It was the final blow that US President Trump announced the ban on entry into Europe and the European stock market slumped.

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The European stock market, which closed earlier than New York, had a worse atmosphere.

<Reporter>

The situation on the European stock market was even worse.

Germany's Frankfurt stocks tumbled 12.24% and France's Paris stocks tumbled 12.28%.

In particular, the Italian stock market, which had the largest number of corona19 diagnoses in Europe, plunged 16.92%, making it the worst since the index was created in 1988.

The situation in the UK, which was applied as an exception to the ban, was also down 10.87%.

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In this situation, would the Fed, the central bank in the United States, be a reliever?

<Reporter>

Yes, the U.S. Fed is stepping up its emergency money.

It is to supply the market with short-term redemption bonds worth 1,810 trillion won in Korean money.

The United States, which says the real economy is okay, can solve this kind of money, but I wonder if there is a way for Asian or European countries to respond.

It is difficult for anyone to guarantee when and where the vicious cycle of the plunge leading to the United States and Asia and Europe will end.