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The Santiago Stock Exchange does not escape from the poor global results and was coupled with its international peers, but with more limited figures.
The expected economic recovery is faltering and investors are taking notice and exiting risky assets such as stocks. And the coronavirus is hitting Europe again, prompting governments to announce measures trying to control the “outbreak.”
Once the markets were closed, French President Emmanuel Macron announced a new general lockdown starting this Friday. This second quarantine will be less strict than the hearing in the spring, as schools and public services would remain open.
He “fear” hit Wall Street, with the VIX, an index that measures volatility (popularly known as the fear index) jumped more than 20% and reached its highest level since June.
That at the level of sensations, because at the price level the situation also revealed the fear of what will happen to the global economy. And it is that the Dow Jones had a strong fall of 3.43%, while the S&P 500 did it in 3.53% and the Nasdaq 3.73%. It was the worst day for US stocks in just over four months.
Everything also happens except for the uncertainty generated by the presidential election that will be in less than a week.
On the other side of the Atlantic the situation was worse. Shares in the old continent reached their lowest level in five months on average.
Thus, the German Dax lost 4.17%, the Italian Ftse Mib 4.06% and the French Cac 3.37%.
Chilean ball docks
The Santiago Stock Exchange does not escape from the poor global results and was coupled with its international peers, but with more limited figures.
The IPSA, the main stock market indicator of the national market, fell 1.83% and stood at 3,629.48 points.
The biggest drops were recorded by SQM with 4.27%, Parque Arauco with 3.5% and Sonda, which fell 3.04%.
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