Coronavirus is a chance to buy cheaper – but it comes with a health warning
If anything, stock markets have been slow to respond to the spreading coronavirus outbreak. Stories of Chinese supply interruptions, from JCB digger components to plastic toys, have been circulating since mid-February, while hedge funds have been hard at work short-selling cruise-operator shares: Royal Caribbean and Carnival are both down 30 per cent. Now airlines have taken a pasting too, with easyJet and Ryanair among the big fallers in Monday’s sell-off of European stocks, following news of a cluster of virus cases in northern Italy. Meanwhile, a turning point may or may not have been reached in the rate of -reported cases in Wuhan, where the outbreak began. The World Health
