Airline stocks in Asia take a hit amid growing coronavirus fears in China

Chinese authorities on Tuesday confirmed a fourth death in an ongoing coronavirus outbreak in the country, bringing the total number of confirmed cases to more than 200,An official has also confirmed that the disease can spread from person-to-person, the report said.

"You will actually see a lot of impact on people who're running, you know, big retail conglomerates to as well, or FMCGs where you'd actually see a lot of people going in to buy festive products just ahead of the celebrations," Adenwala said, referring to fast-moving consumer goods which are typically sold quickly at a low cost.

The annual mass movement of people has ignited fears of a further spread of the virus and kindled memories of the fatal Severe Acute Respiratory Syndrome pandemic in 2002 and 2003. SARS killed 800 people — most of them from China and Hong Kong — during that period, according to data from the World Health Organization.tens of billions of dollars.

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