You might not know it to glance at the slightly muddled, muted trading across U.S. equity futures and European assets on Thursday, but concern over the virus that roiled global markets at the start of the week is only growing.
China has expanded travel restrictions a day after halting transit in and out of a city bigger than London. Macau canceled all of its Lunar New Year festivities. The virus has already spread from the mainland to locations from Hong Kong to the U.S. It all triggered a miserable day in the Chinese equity market, the last before the nation’s long annual holiday. In fact it was the worst eve of a Lunar New Year the market has seen. Many other Asian gauges tracked the declines.
