China's stock market plummets on the virusfrygt

the Stock markets in China on Monday opened crimson after an extended feriepause. Monday is the first day of trading since the 23. January. On the stock marke

China's stock market plummets on the virusfrygt

the Stock markets in China on Monday opened crimson after an extended feriepause. Monday is the first day of trading since the 23. January. On the stock marke

Ann McDonald
Ann McDonald
03 February 2020 Monday 00:00
61 Reads
China's stock market plummets on the virusfrygt

the Stock markets in China on Monday opened crimson after an extended feriepause. Monday is the first day of trading since the 23. January.

On the stock market in Shanghai fell the benchmark index by almost nine percent immediately after the opening.

The major decrease is due, according to the AFP news agency concern among investors for the consequences of the outbreak of a new coronavirus, which has claimed the lives of over 360 people and put parts of society in the stand.

China's central bank, the People's Bank of China, announced Sunday that it will inject into the financial markets billions of yuan.

the Bank reported that from Monday will launch a program, which intends to pump 174 billion - dollar or less 1200 billion dollars - into the economy.

According to the central bank to the support programme to help maintain "reasonable and ample liquidity" in the chinese banking system. The programme will also ensure more stability in the foreign exchange market.

Updated: 03.02.2020 00:00
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