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Coronavirus impact on global economy and markets still uncertain: 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

Samie Modak  |  Mumbai 

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 ...

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First Published: Mon, February 24 2020. 23:00 IST
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