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JYN - Contagion Impact Not Peaked Weighs On Risk Appetites
Barclays Bank PLC
Overview
The ongoing concerns about the geometric progression of the new coronavirus continues to swamp other considerations for investors. Risk continues to be unwound as the World Health Organization meets to decide if this is indeed a global health emergency. Several large equity markets in Asia were hit particularly hard. Taiwan re-opened from the Lunar New Year holiday and plummeted 5.7%. Hong Kong fell a little more than 2.5%, while the Nikkei and Kospi fell about 1.7%. European bourses are faring better, but the Dow Jones Stoxx 600 is giving back half of the gain