Trading on the stock exchanges of the USA has suspended because of the collapse

Yesterday the who officially declared the pandemic coronavirus, and the President, Donald trump has banned the entry of citizens from Europe to the United States.

The U.S. stock market on 12 March responded with another collapse on the appeal of the President of the United States Donald trump to the citizens after the announcement by the world health organization on pandemic coronavirus.

The index of wide market S&P500 fell by 7.02 percent to 2549,05 points as of 15:39, according to the auction. The Nasdaq Composite decreasing by 7.03 percent to 7393,25 points, the Dow Jones industrial average, by 7.2 per cent to 21 856,91 points.

Trading was suspended for 15 minutes. It provides for rules established after Black Monday. According to him, if after the resumption of trading, the drop is 13 percent, they are suspended for another 15 minutes. Bidding close to the end of the day, if the decline reaches 20 percent.

Trump went on television with an appeal to all countries for emergency measures to combat the virus Covid-19. Ukraine such measures are already adopted, declaring a national quarantine and blocking a large part of the checkpoints on the border.

With regard to measures imposed by the President of the United States, it is, first and foremost, the closure of the border for visitors from European foreigners. The decision trump stunned the European countries.

In addition, Washington plans to help small businesses suffering from the consequences of the outbreak of coronavirus and to postpone the payment of tax by certain companies.

Trump also wanted to reduce the payroll taxes until the end of the year, but his proposal found no response from lawmakers.

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