Reliance Trading Co. Limited – U.S. Market fall as Covid19 continuously spreading worldwide
This was very huge issue on the U.S. Stock Market as it fells significantly because of the Covid19 cases continuously spreading around the world.
By: Reliance Trading Co. Limited
"Corona virus (Covid19) is a virus affecting the respiratory organs and is quite similar to SARs (Severe Acute Respiratory Syndrome) a virus that spread last 2002 which killed more or less 800 people and triggered economic crash on that same year."
After the Covid19 outbreak almost all of the Chinese people and foreigners across the region of Wuhan have evacuated and flights in and out China have been canceled. Accordingly, thousands of people have already died and thousand more are yet to be under monitored. It's very alarming because the virus has been spreading worldwide.
We believed that Covid19 will be contained any time soon, as government from different countries has already started precautionary measures to stop the spreading and treat those who are infected. And as the virus goes down, market will fly up again and those who patiently hold their shares firmly will persevere.
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Reliance Trading Co. Limited