Like the Grinch who stole Christmas, the Wuhan virus has certainly stolen the festive mood this Chinese New Year. The only difference is that the Grinch is a fictional character.
As we celebrated the beginning of the Lunar new year, my WhatsApp chats were buzzing non-stop with updates by fellow concerned Singaporeans on the novel coronavirus and how it has hit our shores.
Fear surrounding the virus has also permeated to the stock market, with Singapore’s Straits Times Index falling 2.6% at one point on Tuesday.
Some Singapore shares, especially those with links to China where the virus originated, have fallen way more than the market itself, while share prices of some companies have risen given their healthcare exposure.
With that, let’s look at a couple of stocks that could benefit or be harmed by the emergence of the Wuhan virus. Do note that stocks mentioned here are by no
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