Frankfurt The fear of an economic dampener due to the renewed increase in corona numbers in China is driving investors on Wall Street. The Dow Jones index of standard values closed 0.1 percent lower on Monday at 33,700 points. The tech-heavy Nasdaq fell 1.1 percent to 11,024 points. The broad S&P 500 lost 0.4 percent to 3949 points.
“There is real concern about the impact of the Chinese economy on the US economy,” said Hugh Johnson, chief economist at Hugh Johnson Economics.
Beijing’s most populous district urged residents to stay home on Monday as the number of coronavirus cases in the city surged. In the port city of Guangzhou, a district was cordoned off for five days. The fear of an economic dampener due to tightened corona restrictions in the important trading partner China had previously slowed down the stock markets in Europe. At the start of the week, the Dax closed 0.4 percent lower at 14,380 points.
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