Investors are looking beyond the Covid-19 outbreak
They are hopeful that the disease can be contained, that businesses will be affected in the short-term, and things could get back to normal soon
MARKETS seem eerily calm, even as China continues to report thousands of new confirmed cases of coronavirus infections, or Covid-19, every day. The disease has spread to more than 20 countries globally, with new confirmed cases continuing to be reported daily.
This is quite a different market reaction compared to when Sars or the Severe Acute Respiratory Syndrome hit the region and the world some 17 years ago.
Markets, and people in general, were much more fear-stricken then. That was probably due to the many unknowns related to the new disease, and its seemingly high fatality rate.
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