When news first broke in the world of the Zika virus, I read of what happened in Brazil and was afraid that Zika could come to our shores. And after a long time, news broke out last week that Zika virus found its way to Hong Kong, and I thought with Zika in such a close proximity, Singapore would likely to have similar cases (the Zika case in Hong Kong later proved to be negative).Yesterday, we heard Singapore has had its first case of Zika and today, the number of Zika cases reported was 41. I was amazed at this number! Zika not only landed in Singapore but had reached such a high number.
For investors, the ultimate question is how Zika would affect the Singapore stocks markets? Well, the most obvious manner in which Zika could affect Singapore is its tourism. Think of it, when someone overseas initially ......