Asian stocks drop sharply in various places South Korea plunges 8% March 19 at 19:37
On the 19th, the Asian stock market has seen a surge in sales orders due to concerns that the spread of the new coronavirus will have a serious impact on the global economy. Fell.
The closing price of the representative stock index in each region has fallen sharply, compared with the 18th, including a sharp drop of about 8.3% in Korea, about 5.8% in Taiwan, about 4.7% in Singapore and about 2.6% in Hong Kong. .
In Korea, the trading index was down 8% during trading hours and trading was suspended.
In the Philippines, trading was stopped for two days after the suspension of the new coronavirus infection and resumed on the 19th, but sales orders surged and the rate of decline exceeded 24%. After that, there was a repurchase activity, but the closing price plummeted about 13.3%.
In addition, the stock market in Shanghai, China, also represented the “Comprehensive Index”, a typical stock index, by about 0.9%.
Market officials said, "The spread of the new coronavirus worldwide has led to a view that measures to restrict the movement of people and self-control of going out have inevitably seriously affected economic activity. The uncertainty is growing because we can't see how far the effects of the will spread. "