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China Coronavirus causing major panic in stock markets

The news of the virus in China having the ability to spread among humans has caused a major stir in the financial markets and has also raised the concern that it is going to stop the rise of the economy which had only just begun to regain its momentum.

The authorities of health all over the region of Asia have stepped their surveillance and other measures of precaution up for preventing a repeat in the disruptions as well as deaths which had happened in the crisis of 2003 due to SARS and had caused a loss of $40 billion-$50 billion form the reduction in spending and travelling

The first of the cases of what has now been identified as a new coronavirus had been linked to the market of seafood in Wuhan as it suggested a transmission of animals to humans but it is also being thought that it may spread among humans too from humans themselves.

There are 440 people who had been affected by this disease out of which nine had succumbed to it and died. The illness can result in the causing of pneumonia and few other symptoms related to respiration.

A financial market retreat this Tuesday had been followed up by a rebound which took place in the markets of Europe and Asia on this Wednesday.

The virus though does not seem to be as dangerous as SARS was the most important impact it could have is going to be ahead of the travel season in the region which is not too far away with the Lunar New year being celebrated soon and the virus may hamper travel during that time.

Ricky Pritchett
Editor In Chief At Healthcare News Reports

Ricky has an experience of more than 4 years here at Healthcare News Reports and is one of the few people that are connected with the platform from the advent of Healthcare News Reports. He has done his Bachelor’s Degree in Medical Science from a well-known university in the US. Apart from this, he has a couple of certificates that can let you know the writing skills and talent he possesses. Moreover, owing to his leadership abilities, Ricky is designated to be the lead of the Health division here at Healthcare News Reports. The content that is helmed by him is easily recognized owing to his writing skills.

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