All major stock markets across the globe plunged more than 10% this week on fears of a global slowdown due to the new Coronavirus; which declared as pandemic by WHO. Dow Jones, The U.S Stock Exchange, witnessed a drop of over 10% in a worst session since 1987, triggering the circuit breaker for the first time in the history since the rule was amended in 2013, based on the experience of the 2010 flash crash.
Circuit breakers were also triggered in Indian stock market, South Korea Stock exchange, Brazil stock exchange, Thailand and the Philippines stock exchange and Indonesia’s exchange.
The reaction of people on this historic crash in stock markets was equally explosive on social media, where it generated 1.1 Million tweets in last 7 days, with a potential reach of 41,000 Billion twitter handles. There were two major spike in conversations over the week, driven by circuit breakers triggered in U.S stock exchange on Mach 9th and Indian Stock Exchange on March 13th.
When looking at geographical break-down of these mentions, the U.S audience seems to have panicked the most after the historic fall in U.S stock exchanges, contributing 86% of total mentions on Stock Market topic over the week, followed by Canada, United Kingdom and India.