Asian markets take another hit as virus quickly spreadsWith the deadly virus spreading to new countries, investors are growing increasingly worried about the impact on the global economy. HONG KONG: A sea of red washed across Asian markets on Wednesday, with the coronavirus spreading rapidly around the world and health chiefs warning that governments were not prepared for the outbreak. With cases being reported in new countries -- and lockdowns in some nations including Austria, Italy and Spain -- traders are growing increasingly fearful about the impact on the global economy. The WHO said countries must "prepare for a potential pandemic" -- a term used to describe an epidemic that spreads throughout the world. - 'Concern of the unknown' -"It's the concern of the unknown," David Kudla, at Mainstay Capital Management LLC, told Bloomberg TV.

Source: Bangkok Post February 26, 2020 04:18 UTC