S&P 500 Stock Market Crashed Below 3000.00| 28th February 2020
The S&P 500 has being in a bad selling. From starting Monday 24th February 2020 - Friday 28th February 2020. The stock has been free fall.
Stock investor in a fear. Panic. They was selling the stock and the sell out has been in significant by Thursday 27th February 2020.
No buyer in the market this week. Sharp fall down price from S&P to the wall street indices. While the coronavirus reported to be in the climax state of pandemic.
China not buying anything from oil to sugar to wheat. While demand is increasing on the Soy Bean from around the world thus the price of Soy Bean increasing. Soy Bean is among top 5 export item from China. Exporter not export Soy Bean thus making the price in demand. Copper price also did a significant drop since no buyer towards the items.
Thus the exchange money to Dollar has significantly drop. While many other companies in top 500 listed fortune has suffered the major impact in this beginning pace towards the coronavirus due to the exchange trade of China. Many companies was heavily rely towards China in manufacturing mostly in electronic part and spare part.
Referring to the OEC, China import oil almost 9.4% which is the biggest buyer in the world to sustain their 1.1 billion citizen. In the other hand, oil price will keep on dropping since there are big supply on the market which to balance the buying trade in the industry while the oil was producing in the same quantity.
Thus, stock S&P 500 will witness the biggest drop in history.
To be continue..
By Zezu Zaza
Stock investor in a fear. Panic. They was selling the stock and the sell out has been in significant by Thursday 27th February 2020.
No buyer in the market this week. Sharp fall down price from S&P to the wall street indices. While the coronavirus reported to be in the climax state of pandemic.
China not buying anything from oil to sugar to wheat. While demand is increasing on the Soy Bean from around the world thus the price of Soy Bean increasing. Soy Bean is among top 5 export item from China. Exporter not export Soy Bean thus making the price in demand. Copper price also did a significant drop since no buyer towards the items.
Thus the exchange money to Dollar has significantly drop. While many other companies in top 500 listed fortune has suffered the major impact in this beginning pace towards the coronavirus due to the exchange trade of China. Many companies was heavily rely towards China in manufacturing mostly in electronic part and spare part.
Referring to the OEC, China import oil almost 9.4% which is the biggest buyer in the world to sustain their 1.1 billion citizen. In the other hand, oil price will keep on dropping since there are big supply on the market which to balance the buying trade in the industry while the oil was producing in the same quantity.
Thus, stock S&P 500 will witness the biggest drop in history.
To be continue..
By Zezu Zaza
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