Australian Prime Minister Scott Morrison announced a A$17.6 billion fiscal stimulus bundle. The Reserve Bank of India introduced that it will conduct a six-month $2 billion foreign money swap for U.S. dollars, whereas the Reserve Bank of Australia announced A$eight.8 billion in repurchases of government bonds. The Central Bank of Brazil auctioned $1.78 billion overseas exchange spots. On eleven March 2020, the Dow Jones Industrial Average ended an eleven-12 months bull market run and entered a bear market.
Symbolic statues from the Frankfurt Stock Exchange pictured. In numerous Asian markets—Japan, Singapore, the Philippines and Indonesia—shares declined over 20% from their most recent peaks, coming into bear market territory. In Singapore, the Straits Times Index fell 6.03%.
Bond Market vs. Stock Market: What’s the Difference?
In Pakistan, the PSX noticed the biggest ever intra-day plunge within the country’s historical past, losing 2,302 factors or 6.0%. The market closed with the KSE …