MasterOfCoin
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Starting this thread as a place where we can note effect on Markets and Sectors most impacted.
Asian Coronavirus Outbreak
- Thread starter MasterOfCoin
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MasterOfCoin
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Vaccine Makers
Shares of small vaccine makers have gained sharply in trading over growing concerns about the spread of a new coronavirus in China.
Examples..
Shares of Novavax Inc. NVAX, which is developing two late-stage vaccines for the flu and other infectious diseases.
NanoViricides Inc. NNVC, a maker of nano-medicines for viral diseases, including swine and bird influenza, soared.
Aethlon Medical Inc. AEMD,
a device maker developing a hemopurifier that treats viral diseases, rose.
Inovio Pharmaceuticals Inc. INO,
also gained.
Oncolytics Biotech Inc. ONCY
up steeply.
Shares of small vaccine makers have gained sharply in trading over growing concerns about the spread of a new coronavirus in China.
Examples..
Shares of Novavax Inc. NVAX, which is developing two late-stage vaccines for the flu and other infectious diseases.
NanoViricides Inc. NNVC, a maker of nano-medicines for viral diseases, including swine and bird influenza, soared.
Aethlon Medical Inc. AEMD,
a device maker developing a hemopurifier that treats viral diseases, rose.
Inovio Pharmaceuticals Inc. INO,
also gained.
Oncolytics Biotech Inc. ONCY
up steeply.
MasterOfCoin
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Leisure & Communications
City lockdowns have resulted in disruptions to China’s film and postal industries.
China Post has confirmed that parcels are now being subject to a screening and disinfection process.
As it is common in China for couriers to deliver goods directly to people via motorbikes, people are being urged to arrange for their goods to be delivered to a collection point or parcel box "to reduce person-to-person contact".
This means that people stranded in the city may not even receive New Year presents from their loved ones.
At least seven films have suddenly postponed their releases nationwide as well, with Sina Entertainment saying that they’re “worried about the further spread of the epidemic” and “considering the risk of transmission of infection in confined spaces”.
This is a major blow to China's film industry - film companies have traditionally tried to schedule their films during Chinese New Year to maximize their profits, given it is the time of year when there are few people are at work.
City lockdowns have resulted in disruptions to China’s film and postal industries.
China Post has confirmed that parcels are now being subject to a screening and disinfection process.
As it is common in China for couriers to deliver goods directly to people via motorbikes, people are being urged to arrange for their goods to be delivered to a collection point or parcel box "to reduce person-to-person contact".
This means that people stranded in the city may not even receive New Year presents from their loved ones.
At least seven films have suddenly postponed their releases nationwide as well, with Sina Entertainment saying that they’re “worried about the further spread of the epidemic” and “considering the risk of transmission of infection in confined spaces”.
This is a major blow to China's film industry - film companies have traditionally tried to schedule their films during Chinese New Year to maximize their profits, given it is the time of year when there are few people are at work.
MasterOfCoin
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Tourism
AFP news agency reports that Beijing's Forbidden City is to close as part of the effort to stop the spread of the virus.
The "city" is actually a palace complex, about 600 years old, which once served as the home to Chinese emperors and was the centre of power.
In more modern times, it is a major tourist attraction with millions of visitors every year.
Hoteliers and tour companies will be especially impacted.
AFP news agency reports that Beijing's Forbidden City is to close as part of the effort to stop the spread of the virus.
The "city" is actually a palace complex, about 600 years old, which once served as the home to Chinese emperors and was the centre of power.
In more modern times, it is a major tourist attraction with millions of visitors every year.
Hoteliers and tour companies will be especially impacted.
C
cantagril
I hadn't considered this but it's just been pointed out to me that there are many many Chinese being educated abroad (lots in UcK) and a large percentage would like to be travelling around about now.
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MasterOfCoin
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which brings us to
Asian Airline Stocks
Asiana Airlines STOCK
5,020.00
-30.00
(-0.59%)
01:30:25 AM EDT 1/22/2020
4,965.00
-55 -1.10%
Updated: Jan 23, 2020 3:30 p.m. KST
As an example.
Asian Airline Stocks
Asiana Airlines STOCK
5,020.00
-30.00
(-0.59%)
01:30:25 AM EDT 1/22/2020
4,965.00
-55 -1.10%
Updated: Jan 23, 2020 3:30 p.m. KST
As an example.
MasterOfCoin
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Travel
Lockdown.
The city of Wuhan, suspected to be the origin point for the newly-discovered virus, was put on lockdown this morning, – with flights and trains all cancelled .
The nearby city of Huanggang has enacted similar measures to take effect from midnight local time .
Also, Ezhou to the south shut its train stations, and Xiantao shut some of its transport links, as did Chibi.
Elsewhere, outside of China, cases were reported in Vietnam, Singapore, and in an Indian nurse working in Saudi Arabia - adding to the toll of extra cases previously reported in other countries
Meanwhile, the World Health Organisation is dithering and debating whether to declare a global emergency.
Going to be quite a ride on the Asian Markets ...
Lockdown.
The city of Wuhan, suspected to be the origin point for the newly-discovered virus, was put on lockdown this morning, – with flights and trains all cancelled .
The nearby city of Huanggang has enacted similar measures to take effect from midnight local time .
Also, Ezhou to the south shut its train stations, and Xiantao shut some of its transport links, as did Chibi.
Elsewhere, outside of China, cases were reported in Vietnam, Singapore, and in an Indian nurse working in Saudi Arabia - adding to the toll of extra cases previously reported in other countries
Meanwhile, the World Health Organisation is dithering and debating whether to declare a global emergency.
Going to be quite a ride on the Asian Markets ...
Signalcalc
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Glasgow, where they have quaranteened a few people, is chocabloc with Chinese students.
Signalcalc
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Reports that the Chinese setup a virus test lab in Wuhan following the SARS outbreak, makes sense that they have shutdown the city if they suspect the cause of the Coronovirus is from the testing lab located there.
Atilla
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Seen some horrible pictures of dead body on the street and another in some buildings.
Whilst the Chinese authorities are doing their best along with other countries, as they predict, this outbreak will get worse before it gets better.
Not clear what the incubation period of this strain is but it can be anything from 2 - 10 days. Transport ban started on 23rd.
I fear there are carriers already outside of Wuhan and China as we are hearing.
How long it will take to contain and bring under control is all up in the air but I would be risk-averse until the infection numbers start falling instead of rising.
Whilst the Chinese authorities are doing their best along with other countries, as they predict, this outbreak will get worse before it gets better.
Not clear what the incubation period of this strain is but it can be anything from 2 - 10 days. Transport ban started on 23rd.
I fear there are carriers already outside of Wuhan and China as we are hearing.
How long it will take to contain and bring under control is all up in the air but I would be risk-averse until the infection numbers start falling instead of rising.
Pat494
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Their habit of eating various wild species of animal may be the cause as was sars years ago.
Atilla
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Restrictions now impacting 50m people.
These people will need to shop for food.
Visit the doctor or hospital.
Difficult to see how economic trade can not be impacted.
How long can schools, public and private services continue without people movement? Very difficult to gauge!
These people will need to shop for food.
Visit the doctor or hospital.
Difficult to see how economic trade can not be impacted.
How long can schools, public and private services continue without people movement? Very difficult to gauge!
counter_violent
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Restrictions now impacting 50m people.
These people will need to shop for food.
Visit the doctor or hospital.
Difficult to see how economic trade can not be impacted.
How long can schools, public and private services continue without people movement? Very difficult to gauge!
Might get some indication tonight when the markets open.
Got a short Dow trade open from Friday.......could see a gap down, who knows !
MasterOfCoin
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"Might get some indication tonight when the markets open. "
True... But do remember that the Asian Markets are closed for a week for Chinese New Year.
So, we'll only see the impact as other World Markets open and react to events.
〽
....
True... But do remember that the Asian Markets are closed for a week for Chinese New Year.
So, we'll only see the impact as other World Markets open and react to events.
〽
....
barjon
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counter_violent
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How coronavirus is beginning to hit China's economy
Chinese officials disclosed Sunday that the coronavirus outbreak is hitting travel by double digits, while the medical industry is rushing to meet heightened demand.
Oscar Reed
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Chicken Dinner.
F
fibo_trader
"Might get some indication tonight when the markets open. "
True... But do remember that the Asian Markets are closed for a week for Chinese New Year.
So, we'll only see the impact as other World Markets open and react to events.
〽
No need to wait. The virus has also taken the week off and can be found in this thread getting a massage
Islamaphobia
Correct me if I am wrong but I think it is illegal to criticize Jews and Moslems but it is not illegal to criticise Christians, Hindus , Communists etc. Why the difference ? My understanding of the UK hate speech laws are that it is OK to criticise ideologies but not individuals. Wiki extract...
www.trade2win.com
MasterOfCoin
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The continued spread of the coronavirus has hit financial markets, with stocks from Wall Street to Tokyo declining.
The three main US indexes are down more than 1%, while London's FTSE 100 index ended almost 2.3% lower.
Europe fared no better, with DAX Cac 40 and EuroSTOXX all down over 2½ %.
The price of oil also fell, with Brent crude dropping nearly 3% , as traders fear demand could drop if China's economy stalls.
Casino operators were amongst the biggest losers, with shares down around 6.5%.
The national New Year holiday has been extended by three days to Sunday, in an attempt to contain the spread.
& in Shanghai, the government has stopped businesses from returning to work until 10 February.
Hong Kong, which has eight confirmed cases so far, has declared a city-wide emergency, with schools closed until 17 February. Mongolia - which has yet to record a case of the virus - has now closed its border with China.
& looking at recent history for an idea of the possible economic impacts;
After the Sars virus outbreak, which killed almost 800 people, annual growth in China slumped from 11% to 9%.
....
??? - Invest in cotton, face masks are in massive demand !
The three main US indexes are down more than 1%, while London's FTSE 100 index ended almost 2.3% lower.
Europe fared no better, with DAX Cac 40 and EuroSTOXX all down over 2½ %.
The price of oil also fell, with Brent crude dropping nearly 3% , as traders fear demand could drop if China's economy stalls.
Casino operators were amongst the biggest losers, with shares down around 6.5%.
The national New Year holiday has been extended by three days to Sunday, in an attempt to contain the spread.
& in Shanghai, the government has stopped businesses from returning to work until 10 February.
Hong Kong, which has eight confirmed cases so far, has declared a city-wide emergency, with schools closed until 17 February. Mongolia - which has yet to record a case of the virus - has now closed its border with China.
& looking at recent history for an idea of the possible economic impacts;
After the Sars virus outbreak, which killed almost 800 people, annual growth in China slumped from 11% to 9%.
....
??? - Invest in cotton, face masks are in massive demand !
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