Morning Briefing
Summaries of health policy coverage from major news organizations
Markets Tumble Worldwide On Fears Of Coronavirus Outbreak
The Wuhan coronavirus is starting to infect President Donald Trump鈥檚 beloved market rally. The president weighed in on the coronavirus Monday just as markets tumbled worldwide, including a drop in U.S. stocks that erased this month鈥檚 gains. Meanwhile, China鈥檚 financial regulators said they will suspend trading on the Shanghai and Shenzhen stock exchanges for a longer period of time after a long holiday as fear over the extent of the outbreak spread. (White, 1/27)
Global markets saw heavy losses on Monday with the Dow plunging 1.6 percent. That trend is continuing across Asia on Tuesday as markets are opening down after the Lunar New Year鈥檚 holiday. Both South Korea and Japan鈥檚 markets have dropped nearly 3 percent. (Shih and Denyer, 1/28)
Anxiety over the outbreak hit financial markets around the world Monday, sending stocks from Japan to Germany to the U.S. to their worst days in months. 鈥淲e always say that, barring an exogenous event, things look fine,鈥 said Michael Farr, president and chief executive of investment-management firm Farr, Miller & Washington. 鈥淚 don鈥檛 think markets anticipated how contagious this disease has proven to be and how quickly it鈥檚 spreading.鈥 (Otani, 1/28)