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Coronavirus hits stock markets

by LLB Editor
24th Jan 20 10:07 am

The coronavirus, which has killed at least 26 people and led to transport links to some Chinese cities being closed, has also worried investors.

Russ Mould, investment director at stockbroker AJ Bell said that the Chinese stock market had its worst day in eight months yesterday when it fell 3%.

Shares with a heavy exposure to China or travel industries, like cruise ship companies and airlines, were the hardest hit, he said.

That’s because investors are worried about demand from consumers in China, Mr Mould explained.

“If you’re closing cities down then there will be less business done.”

But, he said: “If it does lead to a global epidemic then share prices are probably the least of our worries.”

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