Chinese stocks plummeted softly

(Gujarat News Representative) Mumbai, Ta. Friday February 21, 2020

Indian stock markets were closed on Mahashivratri. Reports of Corona virus cases in China, Japan, South Korea, and other Asian markets, Europe and the US markets were rising in China amid reports that China's stock markets were booming again on the international front as China's stock markets witnessed a rapid recovery. With international prices of crude oil falling and stagnation falling, gold prices and Treasuries saw a strong uptick in US markets.

Australia's weak manufacturing figures and Japan show concern for slow economic growth

On the one hand, despite reports that the death toll from coronary virus has surpassed 8 in China, the positive report of the fact that production has begun to resume in factories in some provinces of China has led to concerns over the rise of corona virus cases in China, and concerns over the economic front. Japan has shown concern for slow economic growth with manufacturing figures weakening in Australia, and South Korea's weakening export numbers have seen a decline in other Asian markets and European markets. International prices of crude oil, which jumped $ 5 from Brent crude yesterday, fell to US $ 7.5, on account of inventory in the US and again worries about global economic-industrial growth.

Take a look at next week's meeting of G-8 countries' finance ministers in Saudi Arabia

While China's Corona virus has raised concerns about global economic growth, the world is eyeing a meeting of finance ministers of G-8 countries in Riyadh-Saudi Arabia from today, February 4-7, as part of a possible effort to support economic growth. Discussions are expected on efforts to support aging. The futures were also down today after the US stock markets fell yesterday.

Asia markets slump: Hangsong down 5 points: Nikkei down 5 points

Asian markets were softening today. With the strengthening of Chinese stocks, the CSI index rose 5 points to 5 today. The Nikkei Index of Japan's Tokyo stock market fell 5 points to 5.1, while Hong Kong's Hangsong index fell 5.1 points to 6.1. The markets in Europe were generally mild in the evening.