KUALA LUMPUR: The economic impact of the novel coronavirus (2019-nCoV) outbreak is expected to be temporary based on the previous experience with the Severe Acute Respiratory Syndrome (SARS), say analysts. It said China was Malaysia’s largest trading partner, accounting for 17 per cent of its trade. MIDF Research also reiterated its year-end 2020 baseline target for the FTSE Bursa Malaysia KLCI at 1,680 points. However, the additional region-wide financial liquidity (from further rate cuts by the People’s Bank of China in particular) may help to lend downside support. “The coronavirus has affected the SME industry, particularly in tourism and retail sectors.

Source: New Strait Times February 06, 2020 21:56 UTC