Asian stocks, including Japan and India, experienced a major fall in the stock market on Friday, which has now been recorded as the worst trading day in over three decades in Wall Street.
While many Asian stocks were falling, some European countries were trading higher, so was Australia. The price of crude oil increased by 7% to $35.50 per barrel after a deep dive in price.
Other Asian markets excluding China saw a massive dive in the stock prices. Many Asian countries saw a decline in their stock prices of about 20%.
In Japan, many stocks were pushed down to about 6 per cent. After a while, they were pushed further to about 10%. In South Korea, stock prices fell to about 3.4% and closed at 1,771.44. Thailand’s stock fell to about 0.98%.
Singapore’s stock fell to about 2.42% while Malaysia’s fell to about 4.42%, Indonesia’s fell to about 2.4%. While Asian stocks were falling Australia stock prices saw a spike in a trade experiencing one of its highest trading records, it grew by 4.4% at 5,539.30 after reversing trading losses of about 8.1%
London stocks prices rose to over 3%, Spain’s stock saw a significant increase of over 6%. The stock market’s exuberance has been sky high worrying investors with the economic effects of the COVID 19.
