The Trader 

Market Outlook: City-wide lockdowns, visa restrictions and borders closing

The Trader

As deaths and confirmed cases of the new coronavirus increased significantly over the last week and spread internationally – Germany yesterday has its first case – several cities in Hubei province have been cordoned off and major cities in China are said to be like ghost towns. Now North Korea has completely closed its border with China and the Philippines today announced that it is suspending issuing visas on arrival for visitors from the Chinese mainland. The US raised its travel alert for China to level 3 (2nd highest). Today a chartered plane is expected to leave Wuhan for California carrying 230 (of the roughly 1000) US citizens living in the stricken city.

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