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re: Am I the only one who thinks the market's reaction to the coronavirus outbreak is...
Posted on 1/31/20 at 4:42 pm to Number 9 Fan
Posted on 1/31/20 at 4:42 pm to Number 9 Fan
I read on wallstreetbets that the Chinese market has been closed all week due to the new year and it could really crash on Monday due to virus scares and nobody being able to trade. Anybody got any speculation on this?
2
Posted on 1/31/20 at 4:47 pm to Triple Bogey
Guys. I literally just bought a house so yes it will likely crash. Guess I should have told y’all earlier.
Posted on 1/31/20 at 4:51 pm to Triple Bogey
The Hong Kong stock market has been open this week. Shanghai has been closed. But in Shanghai's last day of trading, 1/23/20, it was down almost 3%. So there was some selling already there before the holiday began.
I would expect the Shanghai market to react to the virus outbreak in China since China seems to be the epicenter of the outbreak. Its economy and supply chains will most likely be the most affected by travel restrictions inside the country.
So, yeah, a stock market pullback there would not be surprising.
I would expect the Shanghai market to react to the virus outbreak in China since China seems to be the epicenter of the outbreak. Its economy and supply chains will most likely be the most affected by travel restrictions inside the country.
So, yeah, a stock market pullback there would not be surprising.
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