Indian stocks wobble 13% as Coronavirus continues affect the world
Stocks in Asia Pacific started encountering considerable amount of declines on Monday as fears over the Coronavirus outbreak impacting the global markets continue to affect investor sentiments.
In India, the Nifty 50 plunged 12.98% to close at 7,610.25 while the BSE Sensex ended its trading day by tumbling down 13.15% at 25,981.24. The said two indexes were not in the process of trading temporarily after the Sensex went down 10%, triggering a circuit breaker, as reported by CNBC.
Meanwhile, the Straits Times Index in Singapore declined 7.35% to close at 2,233.48.
Over in Australia, the S&P/ASX 200 descended 5.62% to close at 4,546.00 as well.
South Korea stocks started going through an unfavorable period of time, too as the Kospi fell 5.34% to end its trading day at 1,482.46. Hong Kong’s Hang Seng index slipped 4.86% to close at 21,696.13.
Mainland Chinese stocks were under performing on the day, with the Shanghai composite plunging 3.11% to around 2,660.17 while the Shenzhen composite dipping 4.259% to approximately 1,631.88. The Shenzhen component also declined 4.52% to 9,691.53.
However, the Nikkei 225 in Japan succeeded in jumping 2.02% to close at 16,887.78, while the Topix index added 0.68% higher to end its trading day at 1,292.01.
Overall, the MSCI Asia ex-Japan index dropped 5.73%.