After a promising start to 2020, the markets are reeling from the outbreak of the Chinese coronavirus and the impact the deadly virus could have on the global economy. As we write the FTSE 100 is trading at its lowest levels since mid-December as investors look for clarity on just how serious the outbreak could get and when and how it will be contained.
WHAT HAS HAPPENED ?
Around the turn ofthe year news emerged from Chl’na of several cases of pneumonia in the port city of Wuhan, centred on its seafood market. By 7 January health officials had identified a new virus and on 11 January the country announced its first death. By 13 January the World Health Organisation reported the first case outside China.
The death toll has subsequently risen above 100 and Chinese authorities have imposed travel restrictions in an attempt to contain the outbreak.
HOW AND WHY IS IT AFFECTING MARKETS ?
Read the full report on how the corona virus might impact your investments here
