© Provided by Agencia EFE
Madrid, March 12 (EFE) .- The Spanish Stock Exchange celebrates today March 12, two years of the biggest crash it has suffered in its entire history, when it lost 14.06%, affected by the expansion of the coronavirus throughout the world.
The fear of a halt in activity to control the spread of the virus and the sharp drop in the economy dragged down all the markets. Meanwhile, central banks and governments began to approve measures to mitigate its effects.
The crash suffered on March 12, 2020 even exceeded the sharp drop of more than 12% that the national market registered in June 2016, when the Brexit referendum was approved.
On March 12, 2020, the IBEX 35 closed at 6,390.90 points, far from the highs it reached a month earlier, on February 17, when it exceeded 10,000 points.
Currently, the IBEX 35 is trading around 8,200 points in a context of strong volatility caused by the war unleashed in Ukraine, the sanctions imposed on Russia, and the uncertainty of the steps that central banks will take to control inflation and reduce the effects of an economic slowdown.
(c) EFE Agency