Dow Jones has lost all growth since the beginning of the year

On the news about the distribution of the Chinese coronavirus, the Dow Jones Industrial Average index has lost all growth since the beginning of 2020, returning to the level of 28,600 points, writes Bloomberg. The fall at the opening on Monday reached 450 points or almost 2%.

The main factor in the fall remains the Chinese coronavirus. In the United States, the quotes of companies that were very related to China fell the most, and the collapse of the S&P 500 index has become the worst in four months.

Trading on Chinese exchanges will only resume on February 3, but ISHHARES of ISHARES MSCI China ETF and InVESCO China Technology ETF showed a drop in about 4%.

“On the market, you will first sell the mood, and ask questions later,” says Alexele, the director of the world's research on world markets, “markets hate uncertainty, and coronavirus is uncertainty, erected to the absolute: no one understands how much it will hit the world economy.”

How the Chinese epidemic affects world markets, we wrote here . Today it turned out that artificial intelligence was the first to pay attention to the surge in the disease - this happened a week before the first official news.