On February 3, trading on the Chinese fund market opened for the first time after the new year holidays.
The reaction of Chinese investors to the coronavirus outbreak was expressed in the form of a fall in Chinese shares.
Chinese travel agencies fell by 10%, which even caused the suspension of trading. In total, more than 2,600 shares fell 10%.
The national currency of China also suffered, which was reflected in a 1.5% decrease in value against the dollar.
This is the first major collapse of the Chinese stock market since 2015. Experts predict that the situation can only stabilize when the coronavirus epidemic begins to decline.
Fund markets around the world followed the Chinese stock market to the bottom. Major corporations have frozen / scaled back their Chinese operations, despite the threat of supply disruptions.