Major stock markets under pressure from coronavirus fears

2020-02-07 2

Major stock markets under pressure from coronavirus fears. Global stocks mostly fell Friday as investors pocketed profits from this week´s rallies, despite data showing a surge in US job creation. But stocks retreated as "investors take a breather to reassess after a string of four-straight days of solid gains," analysts at Charles Schwab brokerage said in a statement.
Observers say the virus, which has killed more than 600 people and infected 31,000, will batter Chinese growth in the first quarter but the economy could rebound later in the year, as it did after SARS.
https://www.thenews.com.pk/latest/610386-stock-markets-take-a-breather-after-rally

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