NEW YORK, January 8. /Corr. Alexey Kachalin/. The stock market crash in the U.S. since the beginning of 2016 became the most serious for 119 years. This has forced many large businesses to fear a repeat of the global financial crisis of 2008. This opinion was expressed on Thursday analysts at CNN.
The Dow Jones fell by 392 points in respect of concerns about the state of the economy of the PRC
They noticed that the first from the beginning, trading on the stock exchanges of the USA opened on Monday, 4 January. For the last four days the Dow Jones index – the main indicator of business activity – fell by more than 5% (or 911). “It’s the worst four-day slump in the beginning of the year in the entire history of reference counts. This is evidenced by the statistics kept in FactSet since 1897”, the source added, referring to the company FactSet Research Systems, which is based in the American state of Connecticut and, in addition to software development, specialized in the collection and comparison of data development of the industrial and financial sectors in the countries of the world.
Dow Jones Thursday to close the session on the new York stock exchange fell 392,41 points, or 2.3%, to a mark 16514,10. This is the lowest level for the last three months. The s & P 500 fell at the end of the session 47 points, or 2.4%, to the level of 1943, and the index e of the Nasdaq – 146 points, or 3%, to 4689.
Earlier in the day trades on the stock exchanges in mainland China were stopped less than half an hour after opening due to strong drop in prices. The Shanghai Composite index, reflecting the situation on the Shanghai stock exchange, lost 7,32%, obvalivat 3115,89 to the level of the item. The Shenzhen Component index, which is the main indicator of business activity on the trading floor in Shenzhen, fell by 8.35 per cent to the value of 10 745,47 item.
Trading on Chinese stock exchanges stopped after falling of indexes more than on 7%
The cause of panic among investors was the decrease in the Central Bank official rate of the Chinese currency to its lowest since last August in 6,5646 value of the yuan to the dollar.
Have been since the beginning of the year the new stock rules fall CSI 300 index, which reflects the value of the shares of the 300 largest public companies, more than 7% means the suspension of trading until the end of the day. On Thursday, the CSI 300 fell by 7.21%.
Si-EN-EN creates its own index, which measures the ratio of panic and the desire of investors to receive the benefit. A week ago he was in the neutral zone, and now shows “fear”. Entrepreneurs like billionaire George Soros, this raises concerns of a repeat of the 2008 crisis, experts say television.