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In the early morning of March 23, the three major futures index of the US stock market triggered the circuit breaker successively because of the fall, triggering a collective panic in the global financial market. Subsequently, four countries in the Asia-pacific market joined the circuit breaker team successively: Korea's Seoul Composite index futures and gem futures plunged, both triggering circuit breaker mechanism; India, Indonesia, Thailand stock market opening or intraday flash crashes and quickly triggered circuit breakers, including India's main index twice a day!
Global capital markets look set for another Black Monday.
But in the evening of the 23rd, about an hour before Wall Street opened, the federal reserve released, announced new measures to support the economy, including the open asset purchase, every day this week will buy $75 billion Treasury bonds and $50 billion institutions of housing mortgage-backed securities, the daily and regular repo rate quote rates will be reset to 0%. In addition, a Main Street Business Lending Program will soon be established to support loans for eligible small and medium-sized businesses.
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