We provide a complete set of weighing solutions and systems. Its scope includes platform scales, checkweighers, weight scales and load cells. Application Weighing products can be used in a variety of industries, including pharmaceuticals, food processing, milling and baking, aggregates and cement, fuel oil, chemicals and plastics. We can provide quality products in a short time and provide comprehensive technical support.
China Weighing Industrial Scales,Precision Industrial Digital Scales supplier & manufacturer, offer low price, high quality Industrial Floor Weighing Scale,Heavy Duty Industrial Weighing Scale, etc.
Weighing Industrial Scales,Precision Industrial Digital Scales,Industrial Floor Weighing Scale,Heavy Duty Industrial Weighing Scale Changzhou Weibo Weighing Equipment CO .,LTD , https://www.webowt-scale.com
In September last year, Lehman Brothers declared bankruptcy triggered the first wave of financial crisis, when the Dow Jones index fell to the 7700 level.
However, affected by the second wave of financial crisis, the stock price of American signage companies plummeted. On March 2, local time, the Dow Jones index fell to 6763.29 points. General Electric's share price, which reached $60 per share in 2000, fell to $7.6, a drop of nearly 90%. Citigroup’s share price, which reached $61 per share in 2007, also fell to around $2.
In European stock markets, the UK, French and German stock markets, which have been rebounding from December last year to January this year, fell sharply after February and fell to their lowest level in November last year.
On March 3 (local time), the US Dow Jones index rebounded by about 1% at the beginning of the opening. It rose to the 6800 level at the beginning of the opening, but it is still unknown whether it will continue to rise.
As the US and European economies deteriorate, Asian financial markets are once again in panic.
On the 3rd, the KOSPI index of the Korea Stock Exchange once fell below the 1000 mark and fell to 993 points. On the same day, due to the momentum of low-priced stock purchases, the KOSPI index rose 6.76 points to close at 1025.57 points, but it is very close to the lowest level in October last year (938 points). On the same day, the Tokyo stock market's TOPIX index (using the index of the stock price of 1,700 Japanese companies listed on the Tokyo Stock Exchange) hit a 25-year, three-month minimum.
If the cause of the first wave of financial crisis last year was the non-performing assets of investment banks (IB), then the birthplace of the financial shock was the commercial banks that assumed the bad assets of investment banks and the countries that bear the bad assets of these commercial banks.
The commercial bank's actual flowering group has been nationalized, and the insurance company American International Group (AIG) further applied for rescue loans is the direct cause of the Dow Jones index fell below the 7000 mark. AIG has invested $150 billion in rescue loans, but there have been more than $60 billion in losses in the fourth quarter of last year. Moreover, the downturn in the real economy in the first quarter of this year has not yet been reflected in the performance, so the situation may worsen in the future.
The collapse of American commercial banks means that the US government’s previous financial institution rescue plan actually ended in failure, and the future financial burden of the US government will be further aggravated. "The current situation is that the commercial banks that bear the bad assets of investment banks have a bad situation, and this kind of bad situation has been borne by the state," said the director of the macroeconomics department of the Samsung Economic Research Institute. The bad situation eventually shifted to the state. Not only in the United States, but also in other countries in Europe and Asia, there have been phenomena in which countries have taken on unhealthy conditions.
Countries with weaker powers such as Eastern Europe have already faced bankruptcy crises.
As for the second wave of financial shocks, experts analyzed that compared with the first wave of shocks, the shortage of funds has eased, so basically there will be no worst case that the stock price will rise or fall by more than 7% per day. However, many people believe that due to the downturn in the real economy, financial markets will continue to experience turmoil and then slowly calm down.
The real economy has deteriorated faster than expected. Nicolas Eyzaguirre, head of the Western Hemisphere Department of the International Monetary Fund (IMF), said on the same day: "The forecast of global economic growth this year should be lowered to negative growth." The International Monetary Fund predicted last year that it was 2.2% of the world economic growth in 2009. The rate prediction is lowered to 0.5%.
Experts say that whether large global companies such as GM and Eastern European countries will go bankrupt will determine whether the second wave of shocks will spread further.
Li Zhongyu, executive director of HMC Investment Securities, said: "If Eastern European countries declare bankruptcy, banks in Western European countries that provide loans to Eastern European countries will be in a bad state, which will once again trigger a shortage of funds."
The second wave of the financial tsunami hit the global economy and was hit hard
As the Dow Jones index of the US stock market fell below the 7000 mark for the first time in 12 years, the global financial market suffered a second wave of impact.