There is some positive news coming out of China concerning the Coronavirus, but global financial markets continue to fall!
BBC News reported earlier today that China, where the virus first emerged, confirmed it had no new domestic cases on Wednesday for the first time since the outbreak began, a major milestone. But it reported 34 new cases among people who recently returned to China.
However, early trading in Asia continued with significant market drops in Korea and the Philippines PSE index dropping over 13%.
The FTSE 100 index started on a positive note but has reverted to type and is down 2% and hovering around the 5000 point mark. The FTSE 100 is now 32% down year to date.
Current US future markets would indicate that the Dow Jones and S&P 500 will open in negative territory.
Portfolio Performance Year To Date (YTD) to 18th March 2020
The information provided in the update is for existing clients invested with PWS Southport.