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This week, the total market capitalization of US stocks evaporated by over 45 trillion.
[This week, the total market capitalization of U.S. stocks evaporated by over 45 trillion] This week, European and American stock markets experienced a big dump across the board. The Nasdaq index fell by over 10%, a big dump of more than 1700 points; the S&P 500 index fell by over 9%, a big dump of over 500 points; the Dow Jones Industrial Average fell by over 7%, a big dump of over 3200 points. The seven giants saw their market capitalization evaporate by about 155.36 billion USD (equivalent to 1.131 trillion RMB) this week. The total market capitalization of U.S. stocks evaporated by about 6.29 trillion USD (equivalent to 45.80 trillion RMB) this week. (China Securities Journal)