Stockmarkets finally succumb to Covid-19 coronavirus

Stockmarkets have finally reacted to the coronavirus epidemic, seeing their worst day in two years. And there is likely to be worse to come.

Global trade bellwether Maersk has faced a “very, very weak February”
(Image credit: 2013 AFP)

The coronavirus has gone global, says David Fickling on Bloomberg. News of outbreaks in Italy, Iran and South Korea suggests that Covid-19 is “skipping past our quarantine cordons”. The World Health Organisation this week stopped short of officially declaring a pandemic, but if similar clusters keep emerging then that “alarming prospect” will not be far away.

Markets roll over

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Markets editor

Alex is an investment writer who has been contributing to MoneyWeek since 2015. He has been the magazine’s markets editor since 2019. 

Alex has a passion for demystifying the often arcane world of finance for a general readership. While financial media tends to focus compulsively on the latest trend, the best opportunities can lie forgotten elsewhere. 

He is especially interested in European equities – where his fluent French helps him to cover the continent’s largest bourse – and emerging markets, where his experience living in Beijing, and conversational Chinese, prove useful. 

Hailing from Leeds, he studied Philosophy, Politics and Economics at the University of Oxford. He also holds a Master of Public Health from the University of Manchester.