10-26-2020, 10:37 AM
** 26-Oct-2020 World View: Stock market selloff from Wuhan Coronavirus surge
There's a major selloff going on in the stock market today,
with the Dow down around 700 points at this moment.
Analysts are blaming it on the major surge in coronavirus cases in
several countries in Europe, resulting in new lockdowns and economic
restrictions that will hurt the economies of several countries.
There's also a surge going on in the United States, though not as
great, but there are concerns that it will force lockdowns here as
well. Nonetheless, a lot of people are bracing for a possible huge
surge in Wuhan Coronavirus this winter, with the situation worsened by
the spread of the ordinary seasonal flu.
In the meantime, analysts are pointing out that the same surge is not
occurring in the Asian countries -- China, Taiwan, or South Korea.
This continues to be a subject of much debate about the relative
advantages and disadvantages of Western democracies versus Chinese
dictatorships.
There's a major selloff going on in the stock market today,
with the Dow down around 700 points at this moment.
Analysts are blaming it on the major surge in coronavirus cases in
several countries in Europe, resulting in new lockdowns and economic
restrictions that will hurt the economies of several countries.
There's also a surge going on in the United States, though not as
great, but there are concerns that it will force lockdowns here as
well. Nonetheless, a lot of people are bracing for a possible huge
surge in Wuhan Coronavirus this winter, with the situation worsened by
the spread of the ordinary seasonal flu.
In the meantime, analysts are pointing out that the same surge is not
occurring in the Asian countries -- China, Taiwan, or South Korea.
This continues to be a subject of much debate about the relative
advantages and disadvantages of Western democracies versus Chinese
dictatorships.
