Beijing extended the usual week-long holiday by three days but markets are due to reopen Monday and many expect they will drop sharply. worries over the potential harm to businesses and trade from the outbreak have triggered wide swings in share prices. ADOn Friday, jitters over the virus caused share prices to plunge. ADThe central bank statement issued Sunday said the open market operation was aimed at ensuring sufficient liquidity. He noted that any major drop shortly after the markets reopen would be a “catch up.”“It’s not the earthquake at the open but rather the aftershocks that will drive risk sentiment on Monday,” he said.

Source: Washington Post February 02, 2020 15:33 UTC