Securities market in Q1 hit by Covid-19 epidemic
(VOVWORLD) - A report by securities firm SSI on the January financial and monetary market released on Thursday says the securities market for the first quarter of 2020 would have prospered thanks to the US-China agreement and increase of foreign inflow were it not for the Covid-19 epidemic.
Inside a shopping mall in Hanoi during the Covid-19 epidemic. Retail and logistics are among the sectors that are hit by the outbreak.
(Photo: vietnamnet.vn)
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But since the end of January, the capital flow began to drop.
The novel coronavirus epidemic has cut the growth forecasts of East Asian countries, forcing fund managers to change strategies and withdraw capital from the newly emerging markets in Asia.