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.” South Korea confirms 334 new coronavirus cases, total count at 1595, risk-off persists Bank of Korea defies expectations of 0.25% rate cut FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF Price Analysis: 50-day SMA challenges further declines FX Street 3 years 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… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
