Wednesday, July 16, 2025 | 01:01 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Worst week since 2008 global financial crisis as global indices nosedive

The velocity of the fall in stocks has been sharp across markets in Asia, Europe, and America

Global markets
premium

The velocity of the fall in stocks has been sharp across markets in Asia, Europe, and America. File Photo

Samie Modak
Most global markets have suffered their worst weekly setback since the 2008 global financial crisis, as the coronavirus outbreak triggered a flight to safety among investors. While equity markets have tumbled, bond markets have rallied with the yield on the US treasury dropping below 1.2 per cent, lowest since 2016. 

The velocity of the fall in stocks has been sharp across markets in Asia, Europe, and America. 

The S&P500 index has made a record of entering a correction zone — a fall of over 10 per cent —in the shortest time frame of just six trading sessions. Indian markets, too,