Japan says that of the 273 tested, 61 positive for the virus so the hit ratio is high of 22% so highly infectious!!! Maybe they only test people w/ symptoms???
🥶
Btw, Hong Kong is empty - MTR was eerie w/ announcements & everyone had a mask! ICC is also pretty empty!
🥶
Btw, Hong Kong is empty - MTR was eerie w/ announcements & everyone had a mask! ICC is also pretty empty!
Daily update of #coronaviruschina
Rate of infection is slowing to 11% to 31,161 from 15% on 5 Feb but still compounding at a high daily rate
Rate of death is slowing by less to 13% from 15% to 636 dead (including the doctor)
Recovered rate of 34% from 29% & so 1,540 recovered
Rate of infection is slowing to 11% to 31,161 from 15% on 5 Feb but still compounding at a high daily rate
Rate of death is slowing by less to 13% from 15% to 636 dead (including the doctor)
Recovered rate of 34% from 29% & so 1,540 recovered
Note that during SARS, the fatality rate was much higher OUTSIDE mainland China than inside. So what is happening in Japan in terms of infection rate is looked at VERY CAREFULLY.
NIKKEI erased gains after the high positive test rate of 22% out of 273 tested (61 positive).
🥶!!!
NIKKEI erased gains after the high positive test rate of 22% out of 273 tested (61 positive).
🥶!!!
Look, today is Friday - people are likely to take profit before China resumes work next week, which means a lot of people walking around potentially infecting each other etc. Plus news of this Japanese cruise ship is worrying & people are feeling uneasy.
Markets opened DOWN. Not that much but rather jittery over the doctor death & also Japanese cruise ship hit rate. If next wk, China is still under lock-down, we're looking at some significant impact on not just China & Asia & the global economy. Not expected to peak until April.
Btw, China property sales in 1st-tier cities fell by 93% YoY on Feb 3-5. Railway passenger traffic dropped by 89% on Feb 5.
Question is what happens NEXT WK as in whether we get some resumption to normal activities or not.If not, the impact will be not just for China but global.
Question is what happens NEXT WK as in whether we get some resumption to normal activities or not.If not, the impact will be not just for China but global.
S&P: China GDP to slow to 5% due to the coronavirus.
🥶🇨🇳
🥶🇨🇳
Watch Chinese real estate. Most are not showing properties until end of Feb. Question is the sustainability of this risk-aversion in Chinese populace & what that means for earnings of Chinese developers. This sector is most key (share of GDP & wealth effect) & also very leveraged
