After the Coronavirus hit the US imposed a travel ban on Europe, stock markets around the world rattled as the economic crisis fears further strengthened. As a result, bourses continued to bleed red which already faces a bearish trend due to the pandemic.
Among the Asian markets, Honk Kong took a dip of 3.5%, Shanghai 1.6%, Mumbai 7%, Bangkok 8%, Manila 6%, Tokyo 4.4%, whereas Seoul, Singapore and Jakarta went down by 3%.
On the other end, Sydney had its worst day since the 2008 economic recession and took a downfall of 7.4%. Dow Jones in New York also came under pressure from the travel ban – that excludes Britain – and lost a few more points on the index with a total of 20% loss in recent days.
The most hurt industries remain to be travel and oil, and Thursday was no different. Oil prices in the US further dropped by 6% as Coronavirus coupled with Saudi-Russia fallout on prices, added to the pressure prevailing in the market.
Punjab Police has clarified that provinve's CM and Governor are entitled to wear its uniform!…
TikTok, the leading destination for short videos, has announced its first partnership with Coke Studio…
Students from an elite Paris university joined the wave of protests on Friday amid the…
TikTok's Chinese parent company ByteDance in a statement clarified that it would prefer to shut…
New Zealand took a 2-1 lead in the five-match series after beating Pakistan by four…
Congratulations are in order for actress Madiha Rizvi for tying the knot. Madiha Rizvi announced…