Coronavirus spreads in three continents; $5 trillion wiped off markets
GENEVA/BEIJING: Countries on three continents reported their first cases of the coronavirus on Friday as the world prepared for a pandemic and investors dumped equities in expectation of a global recession.
Coronavirus panic sent world share markets crashing again, compounding their worst week since the 2008 global financial crisis and bringing the wipeout to $5 trillion.
Hopes that the epidemic that started in China late last year would be over in months, and that economic activity would quickly return to normal, have been shattered as the number of international cases have spiralled.
"Investors are trying to price in the worst-case scenario and the biggest risk is what happens now in the United States and other major countries outside of Asia," said SEI Investments Head of Asian Equities John Lau.
"These are highly uncertain times, no one really knows the answer and the markets are really panicking."
But as the outbreak eases in China it is surging elsewhere.
Four more countries reported their first cases, taking the number of countries and territories outside China with infections to 55, with more than 4,200 cases killing about 70 people.
Countries other than China now account for about three-quarters of new infections.
译文来源：三泰虎 http://www.santaihu.com/49417.html 译者：Jessica.Wu
B Indian • Mumbai • 18 hours ago
Ban IPL. It will become the single largest spreading center of the virus and will spread it PAN INDIA in no time.
Sunil Agrawal• 18 hours ago
Agreed!!! In fact IPL is a virus in itself.
同意! ! !
Swapnil • 18 hours ago
Killing Eating Animals is a Sin. Had World Adopted Sanatan Dharma Hinduism Buddhism Jainism Nonviolence way of life such a catastrophy wouldn't have happened. Proper hygiene handwashing, Mask now extremely necessary
Jay • 18 hours ago
Gift from China to the world... Coronavirus..
Ramesh • Bangalore • 18 hours ago
This Corona virus has not only affected people's health but many nations wealth. Keeping in mind people's health and many nations wealth, a combined action by all nations in controlling the spread of virus has to take place.
chanakya • Mumbai • 17 hours ago
Most of the viral diseases comes from eating animals. AIDS came from eating monkeys. Avoid eating non-veg guys. If you cannot control your tongue, then eat only well-cooked non-veg, not like Chinese who eat even raw animal flesh
N • Location • 17 hours ago
revenge by nature , irrespective of any cause. China must be held accountable .
Rise India • 18 hours ago
please check rahul when he returns. he is out of town. he probably gone to Bangkok or Italy, both badly affected by coronavirus
Nationalist • Mumbai • 17 hours ago
Modi ji can only do something now. He is the man who born to save the world
djneem13 • 17 hours ago
I agree with B Indian. Ban the IPL matches which might turn out to be a major source of mass epidemic spread. One infected person is enough to spread to thousands. Precaution is better than cure.
Guest • 18 hours ago
doomsday nearing,human greed plundered this earth ,it's pay back time,, nature taking its revenge,5 trillion is a trickle in it's account books,,,this Earth was priceless
HappyTimes User • 18 hours ago
it is something that obviously we should be concerned about as it is bound to affect the entire global market
Bhushan • 16 hours ago
japan should cancel June 2020 Olympic. Spread of Corona Virus has become pandemic. It will take world at least 1 year to wipe out this virus. With air travel ban in many countries, how can June Olympic be conducted. June 2020 Olympics are doomed.
Himanshu • Location • 17 hours ago
Even bigger problem with CORONA CIRUS is that many countries would be HIDING the real figures of infected people...For Business reasons.
Deepak Soni • 17 hours ago
Cancel Japan Olympic July 2020.
Arijit • 17 hours ago
World and media is more concerned about transient loss in value of share price than dloss of lives.,
Wiley • 18 hours ago
Lol. Its just another flu... before it damages India. The harsh summer would kill the virus anyway
Rikin Shah • Mumbai • 20 hours ago
Where is the vaccine to stop the deaths from this deadly virus. Lastly we heard it has been developed by an Inidannin Australia. So was
Balachandramenon Vengasserry • Alappuzha • 18 hours ago
Story of wiping off 5 trillion $ in stock markets has another side. If we look at positively, smart retail investors can harvest good quality blue chip stocks. Hope they will utilise this golden opportunity.
Keerthi • Bengaluru • 18 hours ago
...Just because some stupid people thought eating endangered animals is fun and cures human ailments..wiped off more people than it can save.
narasarao • Hyd • 7 hours ago
More pain to follow.
Narendra Mertia • Jodhpur • 17 hours ago
China is certainly making good efforts in controlling of corona virus spread in China but this virus had already spread in three continents and effect of this spread would be much more dangerous.