American stock markets plunged on Wednesda y, after the World Health Company formally stated the spread of COVID-19 a pandemic. In Asia, on the other hand, practically all the major stock indexes were also trading lower the morning after the WHO’s statement, with the Asia Dow Index down 4%by midday.
Morning trading in East Asian markets was continuous by the time President Donald Trump made an address in which he announced a 30- day travel restriction from the European Union to the United States.
In Japan, the benchmark index, the Nikkei 225, had fallen 3.6%as of mid-afternoon. The Nikkei Jasdaq, seen as an index for smaller sized companies and start-ups, was down 3.4%.
The Hong Kong Stock market fell 3.6%by early afternoon, while the Shanghai Stock Exchange composite index was down 1.6%.
The FTSE Straits Times Index, the benchmark index for Singapore, fell 3.7%by early afternoon, while Taiwan’s TSEC was down 4%.
The Mumbai Sensex was down 6.8%as of late early morning trading in India.