Asian markets mixed amid conflicting signals on Covid-19 outbreak

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Asian stocks and currencies are mixed, as markets were given seemingly conflicting signals on the spread of Covid-19. Investors were initially fed with news that the rate of infection was slowing, only for such optimism to be dashed by subsequent reports that China’s Hubei province saw 14,840 new confirmed cases and 242 deaths on that same day, after the authorities revised their diagnosis methods.

This latest development shows that investors cannot afford to be complacent over this downside risk, especially considering the potential threat it poses to the global economy. With such… Read More:

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