Due to COVID-19 Fear... Global Stock Market Capitalization Decreases by 1,900 Trillion Won in 52 Days

[Asia Economy Reporter Jeong Hyunjin] Due to fears of an economic slowdown caused by the spread of the novel coronavirus infection (COVID-19), the global stock market capitalization has decreased by more than $19 quadrillion in 52 days.

According to Bloomberg's aggregation of market capitalizations from 86 countries on the 15th, as of March 12, the total market capitalization of national stock markets was $72.4869 trillion, down 18.7% from the pre-COVID-19 peak on January 20 ($89.1565 trillion). Considering South Korea's gross domestic product (GDP) is 1,893 trillion won, this scale is equivalent to 10.3 times that amount.

The global stock market had shown a 6.73% decline from the previous peak as of February 27, two weeks ago, but the decline accelerated after COVID-19 rapidly spread worldwide in March. During this period, 82 countries experienced a decline in their stock markets, while only 4 countries saw increases. Thirty-three countries recorded a drop of more than 20%.

By country, Russia, Saudi Arabia, Colombia, Norway, and Brazil experienced significant decreases in market capitalization. South Korea's stock market capitalization fell by 22.09%, while the United States, Japan, and China decreased by 18.84%, 19.71%, and 4.22%, respectively. Italy, where confirmed cases are rapidly increasing, saw its market capitalization drop by 25.58%, and European countries such as the United Kingdom (-26.08%), Germany (-20.26%), France (-22.24%), and Spain (-21.90%) also recorded decreases exceeding 20%.

This content was produced with the assistance of AI translation services.