Evergrande storm sells and pressures U.S. stocks to close sharply
The three major U.S. stock indexes closed down sharply on Monday (9/20) as the market worries that the financial crisis of China’s real estate giant Evergrande may spread, triggering market sell-offs, including high- tech, consumer industries, and finance groups, which have almost completely fallen. Pharmaceutical stocks bucked the trend.
In terms of individual stock performance, Apple, Google, Facebook, Amazon, Netflix, Microsoft, Intel, Micron, ASML, Texas Instruments, AMD, etc., plunged 2.14%, 1.73%, 2.47%, 3.08%, 2.36%, 1.86%, respectively , 2.36%, 2.6%, 2.22%, 1.86% and 2.24%.
In addition, Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Tesla, Ford Motor, Applied Materials, NIKE, McDonald’s and Coca-Cola also fell 3.43%, 3.8%, 3.41%, 2.99%, 3.86%, 5.39, respectively. %, 3.74%, 1.39%, 1.4% and 0.7%.
However, individual stocks still have risers against the trend, but mostly biotech stocks are the core, such as Merck Pharmaceuticals and Pfizer Pharmaceuticals, which rose 0.35% and 0.71% respectively.
Regarding ADR that has attracted much attention from investors in Taiwan stocks, TSMC ADR, UMC ADR, Hon Hai ADR and ASE ADR have not escaped the stock market crash, and they have fallen 2.59%, 2.64%, 2.96% and 1.29% respectively.
The Dow Jones index fell 614.41 points, or 1.78%, to close at 33970.47 points. The Standard & Poor’s 500 Index fell 75.26 points, or 1.70%, to close at 4357.73 points.
The Nasdaq Index fell 330.07 points, or 2.19%, to close at 14713.90 points. The Philadelphia Semiconductor Index fell 82.92 points, or 2.42%, to close at 3338.23 points.
(Digital Editor of Business Times)
Evergrande crisis spreads, European stocks close in black
Concerns about the solvency of China’s real estate giant Evergrande are increasing, causing investors to panic. In addition, the central banks of the United States, the United Kingdom, Japan and other countries are scheduled to hold meetings this week. The market began to fall into a gloomy atmosphere this Monday, and European stocks closed on Monday. fall.
The London FTSE 100 index fell 59.73 points, or 0.86%, to close at 6903.91 points.
The Frankfurt DAX 30 index fell 358.11 points, or 2.31%, to close at 15132.06 points.
The Paris CAC 40 index fell 114.38 points, or 1.74%, to close at 6,45.81 points.
(Central News Agency)
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