Investam-HK: Markets Panic as CoVID-19 spread around the world

March 2, 2020

The US Stocks Markets crash because of the viral from Wuhan, China that starts spreading all over the world.  Nasdaq, Dow Jones, S&P 500 and more are going through a coarse phase as corona CoVID-19 spreads and send the global economy into recession.

“The Corona Virus (CoVID-19) is a virus affecting the respiratory organs and is quite similar to SARs (Severe Acute Respiratory Syndrome) a virus that spread last 2002 which killed more or less 800 people and triggered economic crash on that same year.”

After the CoVID-19 outbreak almost all of the Chinese Nationals and foreigners across the region of Wuhan have evacuated and flights in and out China have been canceled. Accordingly, around 170 people have already died and thousand are yet to be treated. What made it more alarming is, the virus has been spreading around the world.

According to the CDC.gov reports, 15 confirmed COVID-19 total cases in the U.S., as well as 45 COVID-19 cases from people repatriated from Wuhan, China or the Diamond Princess cruise ship.

And due to the viral outbreak, many traders and investors are panicking and lots are selling their investment. Though it can be a serious matter, for me it’s a bit too much.

Seriously speaking, CoVID-19 will be contained any time soon, as government from different countries has already started precautionary measures to stop the spreading and treat those who are infected. And as the virus goes down, market will again fly up and those who patiently hold their shares firmly will persevere.

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