On November 26, local time, the U.S. stock market fell sharply due to the global shift in risk assets triggered by the emergence of a new variant of the new coronavirus in South Africa.
On November 26, as of 10:30 EST after the market opened, the Dow Jones Industrial Average fell by about 850 points, and at one time it fell by more than 900 points (2.5%), the S&P 500 fell 1.7%, and the Nasdaq Composite Index Fell 1.5%. Due to holidays, US stocks closed at 13:00 that day.
In addition, the interest rate of US Treasury bonds also fell due to the transfer of funds, and the yield of US 10-year Treasury bonds fell 12 basis points (1 basis point 0.01%) to 1.52%. The yield on the 10-year U.S. Treasury note once reached 1.68% this week.
WHO officials issued a warning on November 25 that a new variant of the new coronavirus has been found in South Africa. Many countries imposed travel restrictions on Southern Africa on November 26.
Xu Dezhi/CCTV News Client