The ink was barely dry on Wall Street’s 2020 outlooks when the first case surfaced in Wuhan. But what began as a single patient suffering pneumonia-like symptoms on December 12 has morphed into a deadly virus that’s sent global markets reeling.
A quick tally shows the coronavirus has wiped $1.5 trillion off the value of world stock markets since January 20, when a slide in Hong Kong shares kicked off concerns among traders. Yet with Chinese and Hong Kong exchanges shut for an extended holiday, that’s a lowball figure.
As Treasuries drift and US stock-futures gain in early
A quick tally shows the coronavirus has wiped $1.5 trillion off the value of world stock markets since January 20, when a slide in Hong Kong shares kicked off concerns among traders. Yet with Chinese and Hong Kong exchanges shut for an extended holiday, that’s a lowball figure.
As Treasuries drift and US stock-futures gain in early