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Bags in deep red, fears for Chinese virus

2020-01-21T08:28:01.601Z

After the sharp drops accused by the Asian stock exchanges - frightened by the new Chinese virus - decidedly negative opening for the Europeans. Milan and London immediately lose more than one point, Paris is the worst at -1.3% and Frankfurt gives 0.79%. Returning to the squares of Asia, Tokyo fell sharply (-0.91%), but the worst is Hong Kong, which lost 2.6% in the wake of health concerns. In 2003 - with the SARS epidemic - Hong Kong also suffered heavy economic damage. Added to this is the downgrade of the Hong Kong credit rating decided by the Moody's agency. Shanghai also down nearly a point and a half. In deep red especially the titles of Asian airlines. Yesterday it was closed for Wall Street holidays. In the meantime, oil - despite the production stop in Libya - is going down. Gold - the safe haven par excellence - is once again running in the wake of indications of a cut in global growth of the International Monetary Fund: $ 1,561.5 an ounce.



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by Michela Coricelli 21 January 2020 After the sharp drops in the Asian stock markets - frightened by the new Chinese virus - decidedly negative opening for the Europeans. Milan and London immediately lose more than one point, Paris is the worst at -1.3% and Frankfurt gives 0.79%.

Returning to the squares of Asia, Tokyo fell sharply (-0.91%), but the worst is Hong Kong, which lost 2.6% in the wake of health concerns. In 2003 - with the SARS epidemic - Hong Kong also suffered heavy economic damage. Added to this is the downgrade of the Hong Kong credit rating decided by the Moody's agency.

Shanghai also down nearly a point and a half. In deep red especially the titles of Asian airlines.

Yesterday it was closed for Wall Street holidays. In the meantime, oil - despite the production stop in Libya - is going down. Gold - the safe haven par excellence - is once again running in the wake of indications of a cut in global growth of the International Monetary Fund: $ 1,561.5 an ounce.

Source: rainews

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