European stock exchanges fell rapidly again on Tuesday after a higher opening. The Amsterdam AEX index was 2 percent higher at the opening of trading, but then plunged back into the red. Around 10.30 am the index is more than 3 percent lower
Other European stock markets went down after a green opening. The UK FTSE 100 and German DAX index are down 1.9 and 2.5 percent respectively.
The red numbers follow the worst trading day since 1987 for US stock exchanges. The S&P 500 index closed nearly 12 percent lower on Monday. The Nasdaq and Dow Jones indices lost 12.3 and 12.9 percent, respectively.
Stock prices fell further on Monday, fearing the consequences of the outbreak for the global economy. For the same reason, stock markets worldwide recorded sky-high losses last week: Wall Street then lost more than 9 percent and the Amsterdam AEX index was even 18 percent lower at the end of the week.
Follow the latest developments around the virus in our live blog.
The coronavirus in short
- The coronavirus mainly spreads through sneezes and cough drops. The virus can be transmitted directly from person to person or (for a limited time) through surfaces such as door handles.
- An infected person infects two to three others on average. Precautions are necessary to contain this.
- The vast majority of patients have mild (flu-like) complaints.
- Nearly all deaths involve the elderly or other frail, such as heart, lung or diabetes patients. If everyone complies with the measures, this reduces their risks.
- Read here what precautions you should take.
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