The number of confirmed cases keeps rising…
As yet, there is no vaccine or proven treatment for coronavirus. By definition, unless all cases can be quarantined, there is only one certainty — this virus is going to keep spreading.
I spoke to a friend of mine involved in port operations in Auckland. He’s never seen traffic from China so quiet. He wonders when the two-dollar shops will start showing empty shelves.
Right now, red-alert warnings are starting to sound. China is struggling to contain a spreading and potentially lethal virus. Factories are being shuttered. Borders are being closed.
Until we see a turnaround in the virus situation, expect any market entwined with China to get hit. Read: Australia and New Zealand, as major Chinese-export partners, are at the front of the line.
But there will be upside…
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