Coronavirus: Heavy losses in stock markets as COVID-19 cases rise


A woman wearing a muzzle

The US stock market indices witnessed the worst decline in weeks, with increasing concerns about the economy being negatively affected by the increase in Coronavirus infections.

The “Dow Jones” index fell by 2.3 percent, and the “Standard & Poor’s 500” and “Nasdaq” indexes fell by 1.8 percent and 1.6 percent, respectively.

Shares also fell in Europe, as important cities announced new restrictions to curb the spike in COVID-19 cases.

The French “CAC 40” index recorded a decrease of 1.9 percent. The German DAX index also decreased by 3.7 percent and the British FTSE Index fell by approximately 1.2 percent.

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