I think the market is looking at the “out of asia” cases, and it looks contained right now. 6 of the 29 countries have complete resolved their cases and have no active cases.
They are also looking at past events of SARS and Ebola and the effects were temporary.
In the long run, I expect this will be good for most countries and bad for china and international trade.
But how bad will the whipsaw be? And how bad will this virus be? Can it be contained? Will it fizzle out over time like SARS? Is it here to stay?
There are lots of sectors, such as semiconductors and equipment that hugely depend on China, they they are riding sky high. It’s difficult to explain.