SINGAPORE/BANGKOK/KUALA LUMPUR: After a harrowing week that featured trading halts and epic declines in some of the major markets, investors are looking to indulge in food, wine and video games over the weekend while keeping tabs on the virus this weekend.
Panic over the impact of the spreading coronavirus and an oil-price war took investors on a wild ride. Wall Street had its wildest week since 1929, benchmark indexes sank across regions, and trading suspensions were triggered from Seoul to Bangkok and Mumbai on Friday.
Here’s what investors are saying about the momentous week that just ended, and their plans to recharge before next one begins:"It was a horrible market,” he said."Just looking at the charts made me very depressed.” Jingyi Pan, market strategist at IG Asia Pte in Singapore:"Definitely been a busy week the way the market has turned out. Folks joked about Friday the 13th and it really was not funny this morning, but things looked to have improved a little.”
Paul Chew, Singapore head of research at Phillip Securities Pte: It was the busiest week since the first quarter of 2018 for Chew’s firm."Industry volumes have improved.”Sean Taylor, Asia Pacific chief investment officer of DWS in Hong Kong: "We are looking for the peak of the virus. We have seen that in China. What we haven’t seen is the containment in Europe,” he said."And we don’t know what will happen in the U.S., we have to follow these headlines carefully.”
"If infection numbers cool, markets will start recovering, but when that timing will be, is in question.”
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