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1.Market Observations, 8.Was Sticky

3 Feb 2020 (AFR) – China braces for economic shock as coronavirus death toll passes 300

(3 February 2020, AFR, p11, Michael Smith, China Correspondent)

Shanghai |  China’s central bank at the weekend announced a raft of stimulus measures aimed at cushioning the world’s second-largest economy from the coronavirus, which has forced the country to shut down its main manufacturing hubs and much of its business for at least three weeks. China’s financial markets on Monday reopen for the first time since the outbreak, which is expected to have already cost the country’s services sector alone 1 trillion yuan ($215 billion). Shares tumbled across Europe and Wall Street on Friday, with growing fears about he coronavirus outbreak and its impact on the Australian economy expected to send Australian shares lower on Monday.’

Read more at AFR.com (might need AFR login access)

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