By Reuters
"The coronavirus outbreak remains our top near-term concern for global growth and the markets. The immediate impact appears to be concentrated in Asia, but all governments are taking the threats very seriously and are taking steps to contain the spread of the virus," said Alan Gayle, president at Via Nova Investment Management.
"Our most likely scenario is that the virus will continue to weigh on the markets for the next several months, but that it will not induce a global recession."