Your Official Go-To Blog on Ascension, New Earth, Spirituality, UFO's, Real History, New Technologies and All Things Alternative
Coronavirus: China shuts down stock market till Feb 3
they don’t do this – certainly not for some alleged virus outbreak (think of previous “outbreaks”)…..possible reset? Trump’s state of the union is next tuesday the 4th. who knows what’s really going on…
Beijing: China’s financial markets will remain shuttered until Feb. 3 due to Coronavirus fears, according to announcements from the Shanghai and Shenzhen exchanges.
The move comes with the outbreak of the deadly Coronavirus claiming more than 100 lives in China. Stocks tumbled as oil trade entered bear market on Monday, leaving investors around the globe worried with many fearing it may lead to a global recession.
The Chinese government is trying to delay panic selling until it can get the massive outbreak under control. But this strategy is unlikely to work because of the sheer impact the virus is already having on the nation’s economy. Investors can expect to see a large correction in the Chinese indices when (and if) trading resumes next Monday.
The impact of this crisis may bleed into American markets and may trigger a stock market correction.
