On the Australian stock market, companies doing business with China and Asia travel suffered a stock sell-off this morning when the market fell in early trading.
On January 27, the combined European Stoxx 600 index fell 1.7% at the opening, London’s FTSE 100 fell 1.6%, while the German Dax dropped 1.7% lower. .
Nigel Green, CEO and founder of deVere Group, said Corona virus is the number one threat to the current financial market due to the anxiety of global investors because of the pneumonia epidemic. due to the Corona virus, more than 100 people have died and more than 4,000 have been infected.
According to Mr. Green, this epidemic will certainly affect a number of sectors, especially tourism and retail.
"The history of teaching us that most of these issues will have a short-term impact on the stock market," Mr. Green said.
Chinese officials on Sunday said the number of deaths from acute pneumonia had risen to 106 and the number of infections exceeded 4,500. In addition, nearly 7,000 suspected cases of Wuhan pneumonia are awaiting confirmation.
China has blocked Wuhan and many other cities due to fears of widespread disease. Chinese health officials said the possibility of Corona virus will spread more and more and the virus can spread even during incubation.
