Coronavirus correction keeps block trades at bay

Sam Kerr

February 27, 2020 01:45 PM

(200225) -- NEW YORK, Feb. 25, 2020 (Xinhua) -- Traders work at New York Stock Exchange in New York, the United States, Feb. 25, 2020. U.S. stocks closed sharply lower on Tuesday, continuing a broad market sell-off amid rising risk-averse sentiment. The Dow Jones Industrial Average lost 879.44 points, or 3.15 percent, to 27,081.36. The S&P 500 was down 97.68 points, or 3.03 percent, to 3,128.21. The Nasdaq Composite Index decreased 255.67 points, or 2.77 percent, to 8,965.61. (Xinhua/Zhang Mocheng) | Zhang Mocheng/Xinhua News Agency/PA Images

It has been an appalling week for stock markets as fears over the coronavirus outbreak gripped investors. Tumbling share prices mean many sellers of equity capital markets deals, particularly of large, liquid block trades, are set to stay away from the market, given the damage done to their holdings.

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Topics

Health and Biotech Equity ABBs-Block Trades Europe EMEA SRI

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Sam Kerr