US 30 Index lost 16% on coronavirus

The US 30 Index depreciated actively from Wednesday, February 19 until Friday, February 27. The index lost 16%.  

The reason for the drop is the spreading coronavirus outbreak. Global stock market has been pressured by increasing fears that the epidemic could negatively impact global economic growth.  

However, note that global stocks have been showing signs of recovery since the beginning of March, as policymakers from various countries suggested to take action to ease the impact of the coronavirus. Also, minimizing the effect of the epidemic is one of the main topics at G7 Meetings on Tuesday, March 3.