This week, the total market capitalization of US stocks evaporated by more than 45 trillion.

[This week, the total market capitalization of US 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 drop of over 1700 points; the S&P 500 index fell by more than 9%, a drop of over 500 points; the Dow Jones Industrial Average fell by more than 7%, a drop of over 3200 points. The market capitalization of the seven major giants evaporated by approximately 155.36 billion USD (equivalent to 1.131 trillion RMB) this week. The total market capitalization of US stocks evaporated by approximately 6.29 trillion USD (equivalent to 45.80 trillion RMB) this week. (China Securities Journal)