US Stock Markets crashed after Trump was detected COVID-19 positive

Washington: After, US President Donald Trump and his wife Melania Trump were detected COVID-19 positive, US stock futures trade and the Asian markets plummeted. With this, the price of crude oil also slipped. However, the Indian stock market is closed today due to Gandhi Jayanti.

1.9 percent fall in futures contracts in both the S&P 500 and the Dow Industrial futures. Trump tweeted that he was infected with the coronavirus. Earlier, senior White House official Hope Hicks was found infected with the virus. Hicks, 31, has traveled with the president several times this week. He traveled with the president from Air force One earlier this week.

Among the Asian markets, China’s Shanghai Composite and Hong Kong’s Hangseng were closed on Friday. Japan’s Nikki lost 0.8% to 22,999.75 points after losing the initial gains. Australia’s benchmark S&P / ASX 200 dropped one per cent to 5,815.90. Markets in Singapore, Thailand and Indonesia also declined.

European bourses fell on Friday, with the region-wide Stoxx 600 down 0.6 per cent, London’s FTSE 100 off 0.7 per cent and Germany’s Dax falling 0.9 per cent. Trading was choppy in US stock index futures several hours before the opening bell on Wall Street. S&P 500 futures, which are relatively thinly traded in the early European hours, were recently down 1%.

Hicks, one of the president’s most trusted aides, previously served as White House communications director. He has joined the administration once again before the elections this year. Many White House staffers have been infected with the virus, including Katie Miller, press secretary to Vice President Mike Pence, national security adviser Robert O. Bryan, and the president’s personal servants.

Prime Minister Narendra Modi tweeted that, ‘I wish my friend Donald Trump and his wife Melania Trump the quick recovery and good health.’