There is a possibility of virus mutation and a risk of further spread of the epidemic – Global Times

Dhwani Mehta FXStreet

The Chinese highly-influential news outlet, Global Times, is out with the key takeaways of the coronavirus news conference held by China's National Health Commission Vice Minister Li in the last hour.

Key Points:

The source of the #nCoV2019 infection is yet to be ascertained.

The transmission route of the virus is yet to be fully understood.

There is a possibility of virus mutation and a risk of further spread of the epidemic.

Shanghai confirmed three new cases on Tuesday, bringing the total number of confirmed cases to nine: local health authority

The spreading WuhanPneumonia led China's stock markets to drop by over 1% on Tuesday, but analysts said market fluctuations will be short-lived and investors should focus on value investing.

WuhanPneumonia 2,197 people who were in close contact with #nCoV2019 infected patients have been tracked; among them 1,394 are under close medical observation.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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