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Investors have expressed concern about the spread of a new pneumonia virus caused by the coronavirus Named (2019-CoV), which destroyed more than $ 400 billion worth of Chinese stock in the first session Monday, February 3, 2020, after the holiday break Therapy, Chinese New Year, while the death toll from diseases rose to 362 on Monday morning.
According to a Reuters news release dated February 3, the Chinese market was in decline Their opening episode since Jan. 23, at the time of the outbreak of the coronavirus, has been reported 17 people in Wuhan, the epicenter of the outbreak in the southern province of Hubei China. Since then, the coronavirus has been declared by the World Health Organization (WHO) and has spread to the country More than 20 other regions, with the first death outside of China, have reported the death of a 44-year-old Chinese man In the Philippines after traveling from Wuhan to the Philippines From that.
Death toll from cholera in China rises to 362 as of Monday morning People from the previous day. The number of confirmed new infections in China rose to 2,829, bringing the total to 17,205. .
Jittery Investors Cancels $ 420 Billion From China's Shares, with Shanghai Composite Falling 8% to Low Within a year. According to Reuters calculations.
China's yuan began trading at a record low this year. The steel, oil and copper traded in Shanghai also fell below their daily levels, weakening demand. World prices also fell as the spread of the Corona virus affected the outlook for global growth.
Investors are getting frustrated by the volatility of the stock market, which was lower than what they had expected Trading after Chinese New Year, Chinese stocks, Chinese yuan and other commodities traded negative signs and are also doing Let the world fear the effects of the cholera virus Be on the Chinese economy, the second gang of the world's economy.
Focusing on the shock of the Corona virus, the People's Bank of China injected 1.2 trillion yuan (more than 173; $ 8 billion) into the market through Monday's refurbishment operations. Beijing TV also reported that Beijing also said it would help companies produce goods Importantly, continue the work as soon as possible.
China's Sinopec Corp, Asia's biggest oil refiner, said it would reduce output in the future. This month, about 600,000 barrels a day, equivalent to 12 percent of average daily output last year, caused health problems. To oil demand. But as the stock market reopens, most provinces postpone the New Year's holiday to try to curb the spread The Hubei virus, with workers in Hubei province, does not plan to return to work until February 13.
Wuhan and other cities remain closed, with travel being heavily restricted China is also facing international isolation due to restrictions on flights to and from the country. China went to other countries while many countries decided to suspend their legs Flying back and forth between their countries and China for a while due to the fear corona virus. Edited by: Sokhuk