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Seven Days: 28 February 2020

Seven Days: 28 February 2020

Coronavirus knocks markets

Airline stocks among worst affected

Financial markets around the world have endured a turbulent week amidst ongoing fear about the spread of the coronavirus outbreak, known as Covid-19. This followed a spike in the number of cases in Italy, and reports that Iran’s deputy health minister has tested positive for the virus. Airlines and travel companies were among the stocks worst affected, as we explore in our news pages this week. The oil price was also in decline. In an interview with CNBC, US National Economic Council Director Larry Kudlow indicated that the stock market sell-off could represent a buying opportunity for longer-term investors.

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