 "There is certainly a case for investors with a large exposure to equity to cut their exposure incrementally")
Global markets have been roiled with a spell of extreme volatility – most of it in the downward direction – following the rapid global spread of the coronavirus (COVID-19). Though the virus is not as deadly as its recent predecessors – SARS and MERS, it appears to be extremely contagious, and people are bracing themselves for its appearance in the neighbourhood, and among acquaintances.
The only surprise about the market’s reaction was that it took a few weeks for stock prices to go into free-fall. And it will also be very difficult for the existence of the virus to be
