Business Standard

A $1.5 trillion and more wiped out: Coronavirus fallout across assets

Here's a look at how the major global asset classes have reacted so far

Coronavirus, health, disease, research, medicine, doctors, health officials, epidemic

A staff member checks the temperature of a passenger entering a subway station in Beijing on Tuesday. Photo: Reuters

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

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First Published: Jan 29 2020 | 2:28 AM IST

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