Baku. 24 March. REPORT.AZ/ Increased trade war prospects between China and U.S. caused sharp decline in global stock exchanges. Report informs citing the Bloomberg, Dow Jones, the main stock index of U.S., dropped by 5.7% to 23,533 this week. Moreover, S & P 500 index dropped by 6% and Nasdaq technology index dropped by 6.5%.
Disclosures also resulted in a 3.4% decline of China's key stock exchange index, Shanghai.
Analytical Group of Report predicts that stocks will stabilize in the global equity market after the fall in share prices, and announcement of company's first quarter financial indicators.