The Amsterdam AEX index has experienced the worst day since 24 June 2016, the day after the Brexit referendum. The Amsterdam stock market index closed 7.7 percent lower on Monday. The stock exchanges in the United States also showed blood-red numbers.
The trade was even stopped shortly after the opening, after the markets had opened 8 percent lower. The markets turned red due to concerns about the corona virus outbreak and the oil price crash.
The S&P 500 stood at a loss of 8.4 percent just before the trade shutdown, around 5.30 pm the index dropped 5.6 percent to 2,806.8 points. The Nasdaq technology exchange and the leading Dow Jones index also lost 5 and 6 percent respectively.
European stock exchanges were drawn with the opening of trade in the US. The European stock markets seemed to make up for losses during the trading day, but went down again on Monday afternoon.
The AEX index ended the day 7.7 percent lower. Oil stocks were particularly affected and Shell is one of the biggest losers with a minus of 17.5 percent. Due to the large daily loss, the AEX index has already fallen in value by 22 percent since 18 February.
Other European stock markets also crashed on Monday. The DAX index in Germany closed 8 percent lower and the main stock indexes also fell by 8 and 7 percent in France and the United Kingdom respectively.
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