Learn how to style your text
Taking a leaf from the history books, broader markets like the S&P 500 and the STI will experience a dip of a couple percentage points for the next few months - at least this was the case for SARS.
Zooming in to specific sectors, travel-related business (say airlines & hospitality) will obviously decline more than the broader markets. Conversely, medical-related industries (like pharmaceutical and hospitals) will increase in value.
I created a video to help us understand the effects of a virus outbreaks on the financial markets - Watch it here !
More importantly, it far more crucial to stay invested and not to "panic sell". Stay safe and healthly everyone :)
28 Jan 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
Unless it becomes a global pandemic that wipes out the population like the Spanish Flu, I doubt the Wuhan Virus will have more than a short term impact on the markets.
Definitely ready to buy on the dip. A number of SG shares fell to a low today, led by companies such as SATS which might face a challenge if air travel is clamped down across the region for the next few months.
Although we're not in a full blown crisis yet, so I'd caution against going all in.
The consequences will only be short term.
quarantaine was criticized, but maybe a good measure.
Read 3 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Product ReviewsCredit CardsOnline BrokeragesRobo-AdvisorsCrypto ExchangesSavings AccountsBroadbandRemittance Product Sitemap