- Analytics
- News and Tools
- Market News
- China coronavirus outbreak: ‘The worst has yet to come’ - analyst
China coronavirus outbreak: ‘The worst has yet to come’ - analyst
The severity of the rapidly spreading coronavirus outbreak in China that's claimed more than a dozen lives is still unknown, and the extent of its spread will only be clearer after the Lunar New Year holidays, said David Roche of Independent Strategy, CNBC reports.
Hundreds of millions of Chinese will traveling during the week-long holiday period as China celebrates the Spring Festival.
"The bad news is that the worst has yet to come, as the number of new infections is still on the rise," warned Larry Hu, economist at Macquarie Capital.
Much is still not known about the mysterious new virus that has killed 17 people so far and infected nearly 600 others worldwide. The disease, first discovered in the Chinese city of Wuhan, has spread to Beijing, Shanghai and other populated cities in the country. Cases in Thailand, Japan, South Korea and even the United States, have also been discovered.
The World Health Organization will convene again on Thursday, a day after deciding not to designate the outbreak of the virus as a global health emergency.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
