Global markets also recovered somewhat on Tuesday, despite Chinese stocks suffering their worst day since 2015 on Monday, when the benchmark Shanghai Composite index fell nearly 8%—wiping out some $400 billion from China’s stock market. Tesla short-sellers, beware: Investors who have bet against the company have lost more than $8.3 billion so far in 2020. All three major indexes started to bounce back on Monday, when they posted gains of less than 1%. Hong Kong reported its first coronavirus death on Tuesday—the second fatality outside of mainland China. The deadly coronavirus has now surpassed the level of severity seen in the 2002-2003 SARS outbreak in China, which killed some 800 people and infected 8,000.

Source: Forbes February 04, 2020 14:15 UTC