Hong Kong Shares Are Patient Zero In Viral Pneumonia Scare
Earlier this month, markets deftly navigated the prospect of a global military conflagration and came away unscathed.
Now let's see how traders and investors handle a bout of deadly viral pneumonia.
Risk assets shuddered on Tuesday after three more deaths were confirmed in an outbreak of a new coronavirus - the death toll is now up to a half-dozen. Human-to-human transmission was confirmed, a development which appears to have significantly worsened sentiment.
“The recent outbreak of nov
It sounds like this virus has a longer incubation period, which if true could mean that the spread is far worse than what we see now and in a week or two we’ll know what happened as of today and by then it will be spread so wide it will be too late to react. It has already left the country which should indicate that if it is a serious threat, the ability to contain it is long past.