Shortly after opening the market, the AEX index on Beursplein 5 recorded 3 percent in the minus at 411.37 points. The MidKap fell 2.1 percent to 592.08 points.
The stock exchanges in Frankfurt, Paris and London lost up to 3.6 percent. The stock market gauge in Milan fell 0.5 percent. The Italian stock watchdog has extended the ban on short selling. Investors are no longer allowed to speculate on a fall in the price of a share for 90 days.
Fear of recession
Stock markets worldwide react erratically to the corona virus out of fear of a recession, despite the many support measures that governments have given.
Stock exchanges in New York closed on Tuesday with substantial gains, after the worst price losses since the major stock market crash of 1987. The US government is considering an economic stimulus plan of at least $ 1 trillion.
According to Finance Minister Steven Mnuchin, a proposal is on the table that will inject $ 1,000 billion into the economy.
Support package
The Dutch cabinet also announced a support package for Dutch entrepreneurs on Tuesday evening. For example, companies that have applied for short-time working for their employees are reimbursed 90 percent of their wage costs.
Euronext, the operator of the stock exchange in Amsterdam, also announced on Wednesday that it saw no reason to close the stock exchanges in the corona outbreak. According to CEO Stéphane Boujnah, it is important for liquidity and price formation that the trading of shares can continue.
According to Boujnah, there are no health risks for employees, because most staff work from home “without problems”. The stabilizing measures that are always in place to dampen major shocks in the course also work, according to the CEO.
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