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Market sentiment improved slightly on Friday European session - Zeal Capital Market

Market sentiment improved slightly on Friday European session

13-03-2020 09:44

Today’s Black Friday, the Asian stock market were panic at the early session. The Hong Kong Hang Seng Index plunged this morning, falling by 1789 points to a low level of 22519 points.

But after noon, market sentiment began to improve. The three major US stock index futures stop further dropping, and they are currently bounce back more than 3%. Earlier, it was reported that Pelosi, the speaker of the US House of Representatives, was close to reaching an agreement with the Trump government that introducing measures to mitigate the economic impact of the new coronavirus epidemic.

In addition, the G-20 finance ministers and central bank governors said in a recent statement that they agreed to use all feasible policy tools, including appropriate fiscal and monetary measures, to address the economic impact of pneumonia. The news, to some extent, has eased the concerns of the whole market.