South Korea coronavirus cases may peak at 10,000 - JP Morgan
|According to a report from JPMorgan Chase & Co. citing its insurance team’s epidemiology model, the coronavirus outbreak could peak at 10,000 in South Korea by next month.
Key takeaways
“That scenario assumes a 3% initial exposed group out of about 2.4 million people in Daegu Metropolitan City and a secondary infection rate based on China’s experience with the virus, analysts led by JJ Park wrote in the note dated Feb. 24.
The epidemic has frustrated previous efforts to predict how it might develop around the world and has made global financial markets more volatile.
Given the “sudden and substantial increase in infected cases,” it sees further downside risks for economic growth.
In Korea, potential disruptions from the virus in the supply chain, domestic consumption, exports and incoming travelers could hurt sectors including banks, casinos, consumers, autos, petrochemicals and technology.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.