The Business Times
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Wuhan virus contagion pummels Asian markets

Market watchers say that given the virus' incubation period, sentiment will worsen before it gets better

Published Tue, Jan 28, 2020 · 09:50 PM
    Slide on return

    Singapore

    ASIAN equity markets returning from the Chinese New Year (CNY) break joined others in a sea of red as fears mounted over the spread of the Wuhan coronavirus - jolting memories of 2003's Sars outbreak in Asia and weighing on the region's risk assets.

    On Tuesday, Singapore's Straits Times Index (STI) fell by as much as 2.9 per cent to close 58.77 points or 1.8 per cent lower at 3,181.25, below the blue chip's support level of 3,200.

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