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Global pandemic update : no good news - Zeal Capital Market

Global pandemic update : no good news

25-03-2020 09:35

The global pandemic has no good news. Thousands of new cases are diagnosed every day. So far, more than 420000 people have been infected with the new coronavirus and at least more than 18000 people have died.

Now, it is worrying that the cumulative number of confirmed cases in the United States exceeded 55000, with a sharp increase of more than 8500 in a single day. The current cumulative number of diagnoses in the United States is the third highest in the world after China and Italy, and is expected to continue to rise in the short term.

President Trump said he expected to restart domestic economic activity before Easter, questioned by the politicians and experts.

In Europe, the cumulative number of confirmed cases exceeded 200000, of which Italy has more than 5200 new confirmed cases. Indeed, the situation has not improved much for many days.

Due to the global pandemic, economic activities in many countries have frozen. Many large-scale activities have been postponed or cancelled. One of the highlights would be the Tokyo Olympics. Japanese Prime Minister Shinzo Abe and the International Olympic Games have previously agreed to postpone the event to next year.

ZFX analyst Jacob Leung said that in the short term, due to positive factors emerging in the market, investors actively “reinvest” in the risky assets, likely to put aside some negative factors in the market “temporarily”.