The stock markets suffered severely during the last days. Chinese authorities released new data about coronavirus. Furthermore, South Korea, Iran, and Italy have also reported new cases. The numbers are concerning, and so far, the World Health Organization can’t pinpoint how the virus is spreading so quickly in the countries, which have no apparent links.

The Italian authorities halted the carnival in Venice and quarantined affected towns, but so far, they were unable to find out where the virus spread from. South Korea is also trying to squash the outbreak, but its stocks suffered severely during the last days.

While Asian currencies collapsed, the U.S. dollar is in high demand. Experts think that the U.S. economy will come out less damaged from the epidemy than other countries.


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