U.S. stocks plunged Thursday for “Black Thursday” as the number of new cases of new crown pneumonia increased in several countries around the world and several U.S. states. As a result, global stock markets fell on the 11th, a trend that continued in Asian stocks until Friday. Frankfurt’s DAX index fell 4.5 percent on Thursday, Britain’s FTSE 100 fell 4.0 percent and the CAC 40 in Paris fell 4.7 percent, AFP reported.
European stocks continued to fall at the open on Friday, but rose at the close, with Britain’s FTSE 100 up 1.0 per cent, Frankfurt’s DAX up 0.6 per cent and the CAC 40 in Paris up 1.5 per cent. Some analysts said it could be related to investors’ “buy-to-let” mentality, and it remains to be seen whether it will last.
Asia-Pacific stock markets fell on the 12th. The Nikkei 225 closed down 0.75 per cent at 22,305.48. Japan’s Kospi fell 1.15 percent to 1,570.68. South Korea’s kosher fell 2.04 percent to 2,132.30. Hong Kong’s Hang Seng index fell 0.76 percent to 24,293.00. Chinese mainland Shanghai and Shenzhen were up, with the Shanghai index closing down 0.04 per cent at 2,919.74 and the Shenzhen Composite Index up 0.07 per cent at 11,251.71.
In recent months, investors have been betting that the U.S. and other countries won’t surge while restarting the economy, the Wall Street Journal reported. But there are more signs that such expectations are becoming increasingly difficult to achieve. According to Johns Hopkins University in the United States, as of the early morning of the 13th, there were more than 7.55 million confirmed cases worldwide, with a cumulative death toll of more than 420,000. In the United States, where the outbreak is most severe, more than 2.02 million confirmed cases have been confirmed and more than 113,000 deaths have been reported. As the U.S. economy restarts, the number of confirmed cases has increased in 21 states.
The outbreak in South Korea has also been repeated. South Korea’s new confirmed cases this week have hovered between 40 and 50, mostly from the capital, Yonhap reported Tuesday. South Korea’s Central Disaster Safety Response Department said Friday that the government has decided to extend the implementation of the epidemic prevention measures scheduled to end on the 14th until the number of new confirmed cases dropped to less than 10 in a single day. Agence France-Presse said on the 12th, Italian Prime Minister Constand on the same day on his anti-epidemic measures in the early stages of the outbreak to be questioned by the prosecution.
The number of new crown virus infections in some countries and regions is growing at a high level. There have been more than 1.5 million confirmed cases in Latin America, of which more than 802,000 have been confirmed in Brazil, accounting for more than half of the region’s total, AGENCies reported Tuesday. Still, Brazil’s two largest cities, Sao Paulo and Rio de Janeiro, briefly reopened shopping malls on Thursday. The influx of people in the mall has raised concerns. As of the early morning of the 13th, India has nearly 300,000 confirmed cases, ranking fourth in the world. India’s hospitals in Mumbai, New Delhi and Chennai, where the worst-hit areas of the epidemic, are already overcrowded, the Guardian said on Friday. India’s growing easing of restrictions due to economic pressures has made the country’s outbreak even worse by the end of July. Saudi Arabia recorded 3,733 new confirmed cases in a single day on Thursday, the largest one-day increase since the outbreak began in the country, Singapore’s Union Morning Post reported Tuesday. This is the sixth day in a row that Saudi Arabia has added more than 3,000 new confirmed cases in a single day. Ukraine’s first lady tested positive for the virus on Friday, but the Ukrainian president and his children tested negative.
Africa, too, cannot let its guard down. The World Health Organization has warned that the spread of the new coronavirus in Africa is accelerating, the Guardian reported Tuesday. Moetti, WHO’s regional director for Africa, said it took 98 days for the number of confirmed cases to exceed 100,000 in Africa, from 100,000 to 200,000 in just 18 days, and the outbreak was spreading from large cities to surrounding areas.
Afp says life in any part of the world is unlikely to return to normal until vaccines and treatments are found. According to Reuters, EU health experts believe that the risk of a second wave of outbreaks expanding to the need for renewed blockade measures is moderate to high. The European Commission’s commissioner for health and food safety, Kyria Kiakidis, warned that the public health crisis caused by the new crown pneumonia was not over. She called on governments to remain vigilant and continue to advance testing and tracking.