Sudden mood swing knocks Asian markets
Threat of contagion from new virus strain in China prompts risk aversion
21 January 2020 - 07:35
Sydney — Asian shares took a sudden turn for the worse on Tuesday as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets.
Safe-haven bonds and the yen edged higher as investors were reminded of the economic damage done by the SARS virus in 2003, particularly given the threat of contagion as hundreds of millions travel for the Lunar New Year holidays...
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