From China’s National Health Commission, as of February 3, number of confirmed coronavirus cases rose to 20438 in China, up 3235 from a day ago. Death toll rose 64 to 425. Serious cases rose 492 to 2788. Suspected cases rose 5072 to 23214. Number of people tracked rose 31432 to 221015.
An op-ed published today in state-backed Securities Times tried to tone down the impact of the coronavirus to the markets. It said, “such events are usually only a short-term interruption … and do not have a lasting economic impact.” Another article, in the China Securities Journal said “the impact of the current epidemic … is necessarily short-term. After release of pessimism, the stock market is expected to gradually stabilise.”
