JAMIE TALKED ABOUT THE STOCK MARKET FOR HIS CURRENT EVENTS
Global stock market decline 2 March 2020
The coronavirus is affecting the world in more ways than one. Even though the virus may not be in our country yet it is still affecting NewZealand in a massive way.
Just think how much stuff is made in China the epicentre of the virus so what do think would happen if a deadly virus was spreading around this mass producer
Well here’s what happening global stock markets on Tuesday dropped by 0.56% in some places they dropped 3.00%. Now you’re probably wondering what is the stock market well here’s an explanation. The stock market refers to the collection of markets and exchanges where regular activities of buying, selling, and issuance of shares of publicly-held companies take place. There can be multiple stock trading venues in a country or a region which allow transactions in stocks and other forms of securities.
Now I know that this doesn’t sound like a lot but tech giant Apple’s value dropped by almost 17 billion dollars! That’s only 0.12 of the global stock market.
This is a massive problem and if vaccines are not made soon we might have another financial crisis. This could potentially mean that thousands of small to large businesses could come crashing down.