This morning, many stock markets have tumbled, probably because of the fear that a coronavirus pandemic could badly impact world trade.
We have yet to see the impact of Chinese lock-downs on their exports. Most goods now say, "made in China", so the impact of goods not being shipped from China could be very disruptive.
As I understand it, the virus can be easily passed on, although the death rate seems less severe than in flu for example. I guess the great fear is that it could mutate into something worse. As you can tell, I am no virologist!
These days, the world is far more interconnected than in the deadly flu pandemic after WW1.
UPDATE 1150z: I see that oil prices are down over 4% suggesting demand has fallen.
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