Stocks struggle as China virus sparks fear for world economy

Analysts say China’s coronavirus outbreak could possibly curb global GDP growth.

Just after markets closed, US authorities declared a public health emergency, and starting Sunday will ban entry into the country of any foreign national who has travelled to China in the past two weeks, while quarantining Americans who have made the trip. At least 213 people have died and nearly 10,000 people have been infected in China by the novel coronavirus, while fresh cases were found abroad with more than 20 countries now affected.

“It’s increasingly apparent the disease is becoming an economic as well as a public health concern,” they said. Quincy Krosby, chief market strategist at Prudential Financial, said the outbreak has raised doubts about whether growth would accelerate in the aftermath of the US-China trade detente.

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Global stocks fall on virus fearsNEW YORK: Global equity markets tumbled on Thursday as the death toll from China's coronavirus outbreak hit 170, pummelling oil prices and inverting a closely watched bond indicator as investors worried about the world's second-largest economy. Shit hit fan. It was hushed up. Shit kept spreading until cover-up became impossible. Attempts were then made to contain shit as fan kept running. Shit regulator declares shit emergency but ignores cover-up and praises shit containment efforts. yet we're still groping with the right vaccine Humility will been seen in the face of mankind..during trial n tribulation..
Source: staronline - 🏆 4. / 75 Read more »

Virus fears push Asian stocks to 7-week low, boost safe-haven assetsSINGAPORE: Asian stocks and currencies fell on Thursday as the death toll from a new virus spreading in China rose and more cases were reported around the world.
Source: staronline - 🏆 4. / 75 Read more »