Global markets fall as coronavirus cases rise outside China on Monday (14).
The rise in the number of coronavirus cases beyond China's borders shook the world's major stock markets on Monday (24). Investors fear the possibility of the epidemic spreading and generating an even greater impact on global growth.
In the United States, stock markets fell more than 3%. Gold jumped to its highest value in 7 years. Oil prices fell sharply.
The growth in the number of new cases, mainly in South Korea, Italy and Iran, is being monitored by international organizations.
WHO dismisses “pandemic” but says outbreak is still an international emergency.
Europe's stock market suffered losses of US$474 billion (almost R$2 trillion), the biggest intraday percentage drop since the UK voted to leave the European Union in June 2016.
In the US, the S&P 500 and Dow Jones indexes simply recorded their worst daily performance in the last two years, according to Reuters.
Among the world's most important stock exchanges, the most significant drop was recorded in Milan. The FTSE/MIB index fell 5.3%, as Italy confirmed seven deaths and reported that at least 190 people had been diagnosed with the virus.
“While the number of cases reported in mainland China continues to fall (409 new cases on Sunday versus 648 the previous day), rising infections outside of China now appear to be the new driving force behind market concerns,” strategists at Royal Bank of Canada said in a note.
China's CSI300 index, which tracks the largest companies listed in Shanghai and Shenzhen, closed down 0.4%, while the Shanghai index fell 0.28%.
In Brazil, it is worth remembering that the stock market and banks are on vacation due to Carnival and will only reopen on Wednesday (26).
Major Brazilian assets in New York closed sharply lower. Wall Street's largest Brazilian exchange-traded fund (ETF), iShares MSCI Brazil, or EWZ, fell 4.99%. Meanwhile, the Dow Jones Brazil Titans, which includes shares of Brazilian companies traded in New York, fell 4.81%.
G20 financial leaders predict modest global growth in 2020 and 2021.
Data
The virus has infected about 77,000 people and killed more than 2,500 in China, where it originated last year.
In Italy, 7 deaths were confirmed. In South Korea, 7. And in Iran, 12.