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U.S. Stocks Attempt To Rebound, Despite China’s $400 Billion Coronavirus Market Sell-Off

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I am a New York—based reporter for Forbes, covering breaking news—with a focus on financial topics. Previously, I've reported at Money Magazine, The Villager NYC, and The East Hampton Star. I graduated from the University of St Andrews in 2018, majoring in International Relations and Modern History. Follow me on Twitter @skleb1234 or email me at sklebnikov@forbes.com

The massive sell-off—with more than 80% of listed companies falling by their maximum 10% daily volatility limit—came despite Chinese central bankAs of Monday, the coronavirus has now infected more than 17,000 people and killed at least 361, according to China’s National Health Commission. The deadly and fast-spreading virus has surpassed the level of severity seen in the SARS outbreak, which killed some 800 people and infected 8,000.

There are rising concerns over this new disease’s impact on China’s already slowing economy, not to mention whatThe coronavirus continues to dominate everything – headlines in the last 72 hours were positive in aggregate, although only just barely,” Adam Crisafulli, founder of Vital Knowledge, wrote in a note on Monday. “While doctors are having some success in treating the coronavirus, there still isn’t a vaccine and health experts increasingly think it will become a pandemic.

 

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Nope it’s falling apart idc what u try to bs us with

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