Markets continue to tumble as China virus death toll risesChinese authorities are battling to contain the virus, which has claimed more than 100 lives and infected thousands, with investors growing increasingly worried about the economic impact. The outbreak comes during the Lunar New Year break when hundreds of millions of people criss-cross China and spend huge amounts of money. Analysts said there were growing fears the crisis could become as bad as the SARS outbreak that hammered markets and the global economy 17 years ago. "Markets hate uncertainty, and the coronavirus is the ultimate uncertainty -- no one knows how badly it will impact the global economy. China is the biggest driver of global growth, so this couldn't have started in a worse place."
Source: Bangkok Post January 28, 2020 06:22 UTC