In the beginning of February, the equity market seemed to shrug off the outbreak but then took the largest and most abrupt plunge in recent history when the number of newly infected people in Northern Italy almost exploded in mid-February. Thus, the MSCI World (EUR) dived by more than 13% from 19 February to end-February.
Most virologists have urged the population not to fear the coronavirus more than seasonal flu. Regardless, semi-panicking behaviour is reported, with people hoarding facemasks, disinfectants, kitchen paper towels etc.
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