The IT outages brought immediate repercussions on stocks in various sectors as investors fear permanent financial damage.
Airlines have seen flights being grounded while banks and other institutions recorded disruptions in their day to day operations. In this regard, prolonged disruptions might erode consumer confidence and lead to operational challenges, possibly causing a more substantial and enduring financial impact.
Conversely, if the issue is resolved promptly and effectively, markets could stabilise and the affected stocks could recover.
As a result, the impact could be temporary unless the disruption causes long-term operational issues.
