Global stock markets tumbled on Monday as fears over the economic impact of the rapidly spreading coronavirus intensified. The Dow Jones Industrial Average plunged over 1,000 points, marking its biggest one-day drop in two years. Major European markets also saw sharp declines, with the FTSE 100 falling over 3% and the DAX in Germany dropping over 4%. In Asia, Japan’s Nikkei closed down nearly 1,000 points, while the Hang Seng in Hong Kong fell over 1,200 points. Investors are increasingly worried about the potential impact of the outbreak on global trade and supply chains, as well as on consumer spending and corporate earnings. The World Health Organization has warned that the virus has the potential to become a pandemic, with cases now reported in multiple countries around the world.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
