Early this week, in fact, China’s central bank announced plans to pump $173 billion into the economy to help calm markets. AD“We listen to health care experts,” said Nate Thooft, global head of asset allocation at Manulife Asset Management. “Everybody knows that it’s going to have an impact on the global economy and specifically China,” said Scott Ladner, chief investment officer for Horizon Investments. ADIn other developments Wednesday:— The WHO asked for $675 million to help countries deal with the expected spread of the virus. — As thousands of hospital workers in Hong Kong went on strike for a third day to demand the border with mainland China be closed completely, the city announced that all people entering from the mainland, including Hong Kong residents, must be quarantined for 14 days.

Source: Washington Post February 06, 2020 00:56 UTC