Dow Jones Index Reverses to Rise After Coronavirus Emergency Declaration

[Asia Economy New York=Correspondent Baek Jong-min] The US New York stock market is reducing its losses despite the continuous negative impact of the novel coronavirus.

As of 3:25 PM on the 30th (local time), the Dow Jones Industrial Average in the New York stock market is up 21.31 points (0.07%) from the previous day, recording 28,755.76. The S&P 500 and Nasdaq indices are still declining but have mostly recovered their intraday losses and are approaching a stable range.

The Dow fell sharply by 244 points during the day after news broke that the first human-to-human transmission of the novel coronavirus occurred in the US, but then began to reduce its losses.

After the World Health Organization (WHO) declared an international health emergency, the Dow successfully reversed to an upward trend.

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