Coronavirus fears remain as Wall Street recovers

Tue, 11 Feb 2020

The local market may fare better after Wall Street had a positive start to the week although the coronavirus crisis remains front of mind.Wall Street’s three major stock indices rallied after people across China began to return to work after the extended Lunar New Year holiday.According to Reuters, electric carmaker Tesla Inc rose 1.6 percent as its Shanghai factory returned to service. While sentiment improved, investors continue to trade on coronavirus headlines, rumours and speculation, said Kiwibank FX trader Mike Shirley. That's kept...

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