The stock market fell due to fears of new quarantine measures

The stock market fell due to fears of new quarantine measures

The stock market fell due to fears of new quarantine measures

World stock markets fell on Monday. Analysts associate it with a new wave of quarantine restrictions, threatening the just begun economic recovery.

The European Stoxx 600 Index, which is based on the quotes of the largest industrial companies, fell 3%. German chemical giants BASF and Covestro lost 5% of their market value. The national indices of European countries also dropped.

Wall Street's major indices hit lows in nearly seven weeks on Monday, Reuters reported. Notable losses were incurred by American energy companies amid falling oil prices in connection with the possible resumption of production in Libya. Following the US stock market, which began to fall on Friday, stock indices in the Asia-Pacific region dropped.

Russia also did not stand aside: the Moscow Exchange index lost 2.99% in a day, and the RTS index due to the weakening of the ruble and completely collapsed by 3.86%, reports the Finam agency.

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