Asian markets in the red as experts warn economic impact of Wuhan virus could be worse than SARS

Asian markets were in the red today, as investors continued to weigh the impact of the Wuhan virus outbreak. Taiwan’s benchmark TAIEX fell 5.75%, while Hong Kong’s Hang Seng Index dipped 2.62%. Mainland markets remained close for the country’s extended Chinese New Year break. Experts have warned that the new coronavirus could have a worse impact on China’s economy than the 2003 SARS outbreak. Investors are expecting supply disruptions due to travel restrictions and business closures.

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