A man stands in front of an electronic board showing the Nikkei stock index outside a brokerage in Tokyo. — Reuters pic
Concerns over the spread of the coronavirus in China, and the potential economic impact, continue to generate financial market headlines. China's Cabinet also announced it will extend the week-long Lunar New Year holiday by three days to February 2 and schools will return from their break later than usual, state broadcaster CCTV said.
All three major Wall Street indexes closed sharply lower on Friday, with the S&P 500 seeing its biggest one-day percentage drop in over three months.
They are dramaticlly under playing the severity of this issue. The Chinese are potentially covering up wire a bit. We need to look into the real numbers