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The most recent coronavirus outbreak in China has claimed 17 lives as of Jan 22, reminding us of the Extreme Acute Respiratory Syndrome (SARS) coronavirus eruption in 2002-2003. The SARS outbreak was answerable for nearly 800 deaths worldwide, rattling the monetary markets. Notably, about 570 confirmed cases have been registered up to now. Chinese language authorities have applied strict journey restrictions for the central cities of Huanggang, Ezhou and Wuhan.
Resultantly, the world’s main indices are taking successful. Chinese language shares have additionally seen the steepest decline in additional than eight months. Furthermore, U.S. benchmark indexes began retracting from file highs witnessed final week. In actual fact, the U.S. Facilities for Illness Management and Prevention has introduced the primary case of coronavirus in the United States. Notably, the USA is the fifth nation to report a coronavirus case after China, Thailand, Japan and South Korea (learn: Sector ETFs & Stocks to Gain/Lose on Coronavirus Outbreak).
ETF Methods to Observe
The Lunar New Yr vacation is on Jan…