Asia Pacific: In the shadows of the coronavirus

Author: Karry Lai | Published: 10 Mar 2020
Coronavirus has almost completely shut down parts of Asia in Q1

After an extended Lunar New Year break due to the coronavirus, Chinese markets reopened in the first week of February. Despite an injection of $242 billion from the People's Bank of China to ensure liquidity in the banking system, Chinese shares suffered a major drop. Although market confidence levels improved in January after the US and China signed their phase one trade deal, things aren't looking so rosy for the next few months as the latter continues to battle coronavirus across the country.

From retail and travel to transportation and manufacturing, all sectors of the economy are feeling the knock-on effects. Further policy initiatives can be expected to help industries suffering the most heavily.

In a...