Coronavirus latest: • More than 88,000 global cases; nearly 3,000 deaths • Virus has now spread to 57 countries • Two deaths in Washington state, US • Concern that coronavirus fears could hit the markets • France closes the Louvre Museum
Wuhan, the Chinese city at the center of the coronavirus epidemic, has closed the first of 16 specially built hospitals, hurriedly put up to treat people with the virus, after it discharged its last recovered patients, state media said Monday.
City officials opened 16 temporary hospitals during the outbreak, adding 13,000 beds and treating 12,000 people in response to the outbreak. "The rapid rising trend of virus cases in Wuhan has been controlled," Mi Feng, a spokesman for China's National Health Commission told a briefing.Share this -This week I’m looking to see whether investors will struggle with the stock market sell-off, as they did last week, or whether there is panic selling, when the majority of trades through the course of the day are made at a lower price than the trades before, which we haven’t yet seen.
We came nowhere near the top 10 biggest percentage drops on major markets last week. We’d have to drop close to 8 percent in one day, or 18.5 percent in one week to even be in the record-breaking game. The biggest single day drop was 22.6 percent in the crash of 1987. By contrast we lost a little more than 10 percent last week. Nothing to sneeze at, but this isn’t panic selling.
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