Corona virus: investors urged to practice caution
As the first documented case of the Corona virus is confirmed in Germany and the death toll rises above 100, investors are urging for “caution” to keep markets stable.
“At the present time, in our view the key for investors is to focus on the economic costs of controlling the outbreak, rather than fearing mass panic,” said Alastair George, Edison Group’s chief investment strategist. “A downgrade to Chinese GDP for Q120 appears likely. Until cases have peaked, we believe travel and entertainment sectors are at risk of underperformance,” he added.