The Chinese indices (CHNComp, HKComp) plummeted by 2.5% and markets in Japan and Korea slid by around 1% on news of coronavirus spread in China and also out to Japan and Thailand. While there have been 4 confirmed victims thus far, authorities say virus spreads by human contact and thus can be very contagious. The WTO proposed international emergency to stop the virus from spreading. It remains to be seen how lasting this impact will be, but the CHNComp slid 5% over 2 days and tests the key 11k support. There’s also a very clear evening star formation on KOSP200.
