The World Health Organization (WHO) has declared an emergency following a global pandemic caused by a new coronavirus (2019-nCoV) from China, and Nikkei 225 has declined sharply after consecutive holidays.
A major stock index in the US stock market plunged last weekend.
Shanghai stocks have temporarily dropped 9% from the previous business day.
According to estimates released by the Chinese private think tank Hengda Research Institute on January 31, China’s GDP in the first quarter fell -2% from the previous quarter to actually ¥ 16 trillion. The People’s Bank of China (Central Bank) has announced on Tuesday that it will supply around $ 170 billion to the financial markets through reverse repo open market operations as a precautionary measure, raising concerns about the resumption of the “China shock.”