COVID in China collapses the stock market around the world
2022.11.21 03:31
COVID in China collapses the stock market around the world
Budrigannews.com – The stock market starts the week falling, with economically sensitive sectors such as miners and industry leading losses on concerns about the impact of rising COVID-19 cases in China.
European indices fell was down 0807% at 0.3 MT after marking its fourth straight weekly gain on Friday.
Asian stocks fell 1.3% as investors worried about the economic impact of China’s new COVID-19 restrictions, and residents in Beijing’s most populous district saw a surge in COVID-19 cases.
The mining, travel, leisure and industrial goods and services sectors fell between 0.5% and 1.4%, leading the losses for the European sector.
Defensive sectors such as medical and utilities rose in early trading.
Julius Baer down 0.5% even as it says it is on track to meet its 2022 profitability target despite ‘challenging market’ conditions that are hitting assets under management hard Did.
HelloFresh rose 5.4% after Goldman-Sachs (NYSE:) began covering the German meal kit maker with a “buy” rating.
