The global capital markets were roiled in recent weeks by the new virus that jumped species in China. It is contagious during the incubation periods and appears similar though more aggressive than SARS in 2003-2004. And China is larger and significantly more integrated into the global political economy. The new coronavirus is impactful in …
Overview: The Year of the Rat is off to an inauspicious start as apparently a flying rat (a bat) virus has jumped to humans. China’s markets re-opening amid much fanfare, and the Shanghai Composite dropped 7.7%, which is about what the futures in Singapore had anticipated. Several other markets in the region (Japan’s Nikkei, Australia, …
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