China stocks brace for virus hit as markets open after long break | The Malaysian Insight

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China stocks brace for virus hit as markets open after long break

An aerial view of the completed Huoshenshan hospital in Wuhan. The 1,000-bed temporary field hospital is to house novel coronavirus patients. – EPA pic, February 3, 2020.

CHINA’S stock markets are expected to sink today when they re-open after an extended holiday break due to worries over the impact the coronavirus will have on the economy. Markets in the world’s second-biggest economy closed on January 24 for the annual Lunar New Year holiday, but since then the viral epidemic that started in Wuhan has spread around the world, dragging down stocks and threatening the global supply chain.

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