Coronavirus impact on global economy and markets still uncertain: Experts

The risk emanating from the coronavirus (COVID-19) outbreak isn’t yet fully priced in by the markets and its economic implications remain unknown, say experts.

Investors on Monday were caught off-guard by the sharp selloff in stocks amid an increase in COVID-19 cases in countries, such as South Korea, Italy, and Iran.

“From a financial market standpoint, we think the tail risks of a more prolonged and higher magnitude disruption from COVID-19 remain underappreciated by the markets,” says a note by global money manager Franklin Templeton.

Major global indices and stocks were hovering around their record levels until last week on hopes that the