Post
Topic
Board Economics
Re: Corona Virus and The Effect on The Markets
by
LeGaulois
on 29/01/2020, 15:10:21 UTC
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Financial analysts are trying to make a comparison with the SARS virus which appeared in 2003, it had a negative impact on Chinese growth. But the financial markets had rather reacted positively with a rather increased volatility (particularly when WHO announced an alert), the S&P 500 index, for example, had jumped by 10%.

But nowadays China's share of world GDP has tripled since 2003 so the result may be a lot different especially if restrictions start. Perhaps the markets are already anticipating (the case for DAX and CAC40) and that's perhaps why the crypto market is green too (with a positive trend + high volatility). About $700 in a week, if there is an alert from WHO I wonder if BTC can hit $10k :p