Coronavirus Rattles Asian Markets As 1,000 Guests Are On Lockdown In Tenerife Hotel Linked To Illness

Markets in Asia continued to slide after a steep drop on Monday, as 1,000 guests are on lockdown in Tenerife Hotel linked to the illness

: Whether the outbreak will have an effect on the Tokyo Olympics, which kick off on July 24. Japanese health minister Katsunobu Kato said it is: $1 trillion. That’s how much a global coronavirus pandemic could cut global GDP by, according to economic forecaster Oxford Economics. In a global pandemic scenario, U.S. and European economies could enter a technical recession in the first half of the year, but recovery would be fast.

Supply chains of the world’s biggest tech companies, retailers and carmakers have been impacted by labour shortages and factory shutdowns. More than 80,000 people—10 times more than the 2003 SARS outbreak—have been infected with the coronavirus in more than 30 countries, while more than 2,600 have died.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Forbes /  🏆 394. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus market freakout: Stocks flew way too close to the sunJUST IN: The Dow dropped more than 1,000 points as a surge in coronavirus cases boosted fears of a pandemic and global economic slowdown
Read more »

Here's why the coronavirus market sell-off is happening nowTechnical trading and the rise of Bernie Sanders appeared to help fuel Monday's pullback.
Read more »

Market plunge over coronavirus fears underscores political risk to TrumpThe president’s strategy of publicly downplaying the threat the virus poses to the U.S. was undermined Monday as the Dow Jones industrial average shed more than 1,000 points.
Read more »

Coronavirus concerns spur odd market movesSome asset prices are moving together in unusual ways, an indication that invest...
Read more »

As coronavirus fuels market panic, some experts say the dollar is the only safe currencyGrowing coronavirus fears saw the dollar crowned the big winner in currencies last week, and analysts are expecting further rises — primarily due to a lack of alternatives.
Read more »