Investors take risk-off approach to virus impact
It may be too soon to assess the likely effect of the Wuhan coronavirus outbreak, but investors are taking risk off the table in the short term while they hope for a swift recovery.
Despite mainland Chinese authorities' attempt to contain the Wuhan coronavirus, the disease has already spread across the Asia-Pacific region. Institutional investors see the fallout from this contagion as a major risk, at least in the short term.
“This is a large risk-off event, similar to Iran [and its tension with the US] earlier in the year, but more China-centric and longer in time,” Alicia Garcia Ferrero, chief economist for Asia-Pacific at Natixis, told AsianInvestor.
Ass…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.