LATEST STOCK MARKET NEWS

The newly exacerbated threat of the emergence of world trade wars provoked another decline in world stock markets. So, the US DJIA index lost 2.9% on Thursday, which was its worst one-day percentage drop since February 8, the S&P500 fell 2.6% and lost all growth this year, the Chinese Shanghai Composite Index lost 3.4%, while the Shenzhen Composite dropped 4.3%.

European indices are also under pressure. For example, the European EuroSTOXX50 opened today's trading day with a gap down after yesterday's sharp decline of 2.1%.

In Europe, the decline was led by the core resources sector. Shares of the steel company Outokumpu Oyj fell 4.8%. The decline in government bond yields led to a pullback in the banking sector.

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