The novel coronavirus (COVID-19) that emerged in China’s Hubei province late last year has now spread to more than 50 countries. The outbreaks in Japan, Korea and Italy are particularly serious, but the number of cases is climbing rapidly elsewhere.
Initially, the stock market’s reaction to the virus was muted. Most investors appeared to believe that the problem would be largely confined to China and were willing – perhaps too willing – to view it as posing only short-term challenges for the global economy.
Coronavirus: assessing the risks: https://t.co/dA738tZ7rX
— Market Briefings (@MarketBriefings) March 10, 2020