Coronavirus spread to weigh on sentiment

Mon, 24 Feb 2020

Markets may open lower on concerns about the global spread and economic impact of coronavirus.“Covid-19 was the primary driver of markets over the weekend and will probably continue to hold that position today,” said Kiwibank FX trader Mike Shirley.South Korea put the country on high alert after the number of infections surged to more than 600 with six deaths, Reuters reported. In Italy, the number of cases jumped to 130 from three before Friday.The European Union said it had confidence in the Italian authorities. “We share concern for possible...

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