Global Stocks Slump As Coronavirus Cases Surge In Italy And South Korea

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Stock markets around the world fell over fears that the coronavirus could go global with a surge in reported cases of the pneumonia-like virus in South Korea and Italy

A man wearing a protective facemask takes pictures with his mobile phone at the Gallery Vittorio: Italy has imposed quarantine and travel restrictions on 50,000 in its northern economic heartland while investors sold shares and bought safe-haven assets over fears that the coronavirus could become a pandemic.

Stella Kyriakides, EU health commissioner, said on Monday: “For the moment WHO has not advised imposing restrictions on either travel or trade.” Markets in Europe slid on Monday, with Italy’s FTSE MIB falling more than 4%, while London’s FTSE 100 was down 3.3% on Monday morning. Investors flocking to the safe-have assets have pushed gold to its highest price in around seven years.

 

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LOL Did the stock markets just realize this today? I knew it was coming weeks ago.

Be safe traveling

wow

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