Inter
International markets turned wobbly final week on the outbreak of the lethal SARS-like coronavirus in China.Authorities in China reported to start out the week that about 140 new instances of coronavirus have been discovered, according to Reuters. By Jan 26, the demise toll was 80 amongst 2744 instances. What’s extra, there have been 17 instances confirmed in Hong Kong, Macao and Taiwan. Remainder of Asia, Europe, North America and Australia have confirmed instances of 26, 3, 6 and 4, respectively (learn: Sector ETFs & Stocks to Gain/Lose on Coronavirus Outbreak).
The unfold of the illness shook the global market as a number of leisure and airways shares took a success. Supplies shares additionally suffered as China is a key shopper of the steel and stays an industrial hub. Oil costs retreated too on slowdown worries. The S&P 500 (down 0.8%), the Dow Jones (down 1.12%) and the Nasdaq (down 0.5%) — had been all within the purple final week.
Towards this backdrop, under we spotlight a couple of ETF winners and losers of the final week.
Prime-Performing ETFs
Volatility…