Many listed companies will suffer from declining revenues due to the coronavirus outbreak because of reduced human activities. However, these stock prices stay elevated artificially.
When the numbers of infectious cases and death tolls keep rising, the stock markets also keep rising. Does this make any sense at all? This makes no sense at all because the virus outbreak has not reached its peak and there is no sign of the outbreak abating. This is especially true when China is not providing a true figure about its infectious cases and fatality rates.
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https://sg.finance.yahoo.com/news/global-markets-rally-stocks-runs-030444894.html
It has finally dawned upon investors that they have underestimated the consequences of the virus outbreak.
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