Investors are concerned about the news about the coronavirus and the aggravation in US-China relations.
Global markets on Tuesday reacted with a fall to the next adverse news about the coronavirus pandemic and the escalation of tensions between the United States and China.
London’s FTSE index was down 0.2 percent by mid-trade, Paris’s CAC-40 was down 1.6 percent, and Frankfurt’s DAX was down 1.4 percent.
Asian markets also showed negative dynamics on Tuesday: Tokyo’s Nikkei closed down 0.8 percent, Hong Kong’s Hang Seng 1.1 percent, and the Shanghai Composite 0.8 percent.
Sydney’s S&P/ASX fell 0.6 percent, Seoul’s KOSPI fell 0.1 percent, and Taiwan’s TSEC lost 2.5 points but was little changed as a percentage. Mumbai’s Sensex fell 1.8 percent.
Oil markets were also in the red on Tuesday, with US crude oil down 1 percent to $ 39.69 a barrel and Brent crude down 0.7 percent to $ 42.40 a barrel.
On Monday, investors were excited by the news of the introduction of a strict quarantine in California due to a sharp increase in the number of cases of coronavirus infection and deaths. Investors were also concerned about the statement by Secretary of state Mike Pompeo that the US rejects China’s territorial claims in the South China Sea.
Despite the pessimistic forecasts, all three US stock indexes are showing positive dynamics ahead of the opening of trading on Wall Street.