- China’s coronavirus death toll rose sharply overnight, spooking a nervy global stock market.
- Despite this, Dow futures were steady, holding onto their slim gains for the session.
- Stocks could face resistance on Tuesday as analysts continue to expect risk-off sentiment to prevail.
After a torrid day for the Dow Jones on Monday , things are looking equal bleak for the the stock market’s open on Tuesday as the spread of coronavirus continued to shake investors.
According to the latest figures from the South China Morning Post , the death toll is now at 400, with 1, new cases reported.
Dow Jones Facing Rough Open As China Struggles To Control Epidemic
Despite the headline, U.S. stock market futures were relatively calm, continuing to track slightly higher in a thin period of trade.
Some of the resilience appears to be coming from the fact that
The same cannot be said in China, where the epidemic has now spread to every single province despite Beijing’s efforts to isolate the break-out as much as it can.
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