Global stocks dropped on Thursday after Wuhan coronavirus cases and deaths hit a fresh daily high.
If the change in methodology results in faster growth of cases,"market sentiment will inevitably deteriorate," one analyst said.Global stocks tumbled on Thursday after Wuhan coronavirus cases and deaths surged to a new daily high, stoking fears among investors that the epidemic's fallout could be worse than anticipated.
"The surge in reported cases reported today is a one-off change due to methodology and by itself, doesn't imply an acceleration in the pace of infection," Seema Shah, chief strategist at Principal Global Investors, said in a morning note.
Source: News Formal (newsformal.com)
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