Shares have fallen across Asia Pacific amid mounting concerns about a new strain of coronavirus in China that has left at least four people dead and spread to at least four countries.
With the economic damage done by the devastating 2003 Sars virus still fresh in the mind of many traders, stocks were sold heavily on Tuesday and expectations grew that the markets were in for more falls in the days ahead.
The fears across the region were particularly acute given the threat of contagion as hundreds of millions travel for the forthcoming lunar new year holidays when up to 400 million are expected to be on the move across China.
Related: Davos 2020 should be all about climate crisis but Trump won't admit it | Larry Elliott
The mood swing saw MSCI’s broadest index of Asia-Pacific shares outside Japan slip 1% after a steady start. Hong Kong, which suffered badly during the Sars outbreak, saw its index fall 2%.
Japan’s Nikkei lost 0.8% and Shanghai blue chips 1.5%, with airlines under pressure. The caution spread to futures for the S&P 500 on Wall Street which eased 0.4%, while the FTSE100 is seen falling 0.5% at the opening on Tuesday.© Photograph: Darley Shen/Reuters Staff carry a box at Jinyintan hospital in Wuhan, where the fourth fatality of the viral outbreak was reported on Tuesday.
“Because of Chinese New Year, millions of people will make a move to their hometown across China which is making the whole situation uncontrollable,” said Margaret Yang, an analyst at brokerage CMC Markets in Singapore, referring to the Chinese holiday period which formally begins on Friday.
“The selloff is just the beginning, we will see more in days to come.”
China has confirmed that the virus, which causes breathing difficulty, can be transmitted from human to human. The death toll rose to four on Tuesday after an 89-year-old man died from the virus in the central city of Wuhan, which is believed to be the epicentre of the outbreak.
China confirmed 291 cases of infected patients in an update on Tuesday. There have also been reports of cases in Thailand, South Korea and Japan. Philippine health authorities said on Tuesday that they were investigating the case of a five-year old Chinese boy with a travel history to Wuhan after he showed flu-like symptoms before arriving in the country.
The Sars outbreak claimed the lives of at least 650 people in China and Hong ong in 2002-03 and caused lasting economic damage and disruption.
The impact on the Hong Kong’s Hang Seng index was not helped on Tuesday after Moody’s said it had lowered its rating in a fresh blow to the financial hub, which is expected to have fallen into recession last year owing to the unrest as well as the China-US trade war.
Investors had already been guarded after the International Monetary Fund trimmed its global growth forecasts, mostly due to a surprisingly sharp slowdown in India and other emerging markets.
There had been some relief as Donald Trump and his French counterpart Emmanuel Macron seemed to have struck a truce over a proposed digital tax.
The two agreed to hold off on a potential tariffs war until the end of the year, a French diplomatic source said.
Trump is due to deliver a speech at the World Economic Forum in Davos later on Tuesday, and trade and tariffs could be on the agenda.
In a tweet late on Monday, Trump said he would be bringing “additional Hundreds of Billions of Dollars back to the United States of America! We are now NUMBER ONE in the Universe, by FAR!!”
The Bank of Japan cited lessened trade risks when nudging up forecasts for economic growth after holding a policy meeting on Tuesday. As widely expected, the BOJ maintained its short-term interest rate target at -0.1% and a pledge to guide 10-year government bond yields around 0%, by a 7-2 vote.
Japan’s yen picked up a bid on the safe-haven move and the dollar dipped to 109.92 from an early 110.17. It also gained on the euro, leaving the single currency flat on the dollar at $1.1092.
Against a basket of currencies, the US dollar was steady at 97.599, just off a four-week high of 97.729.
The Australia dollar took a knock from the flu worries since it attracts large numbers of Chinese tourists, who tend to be big spenders over the lunar new year holidays. A man was in isolation in Brisbane after complaining of flu-like symptoms following a trip to Wuhan. Australia said it would step up screening of some flights from Wuhan.
The outbreak was particularly badly timed as the tourism industry has been mauled already by bushfires sweeping the country.
Spot gold edged up to $1,566.71 per ounce, and back toward a seven-year peak of $1,610.90 reached last week.
Oil prices hesitated, having earlier gained on the risk of supply disruption in Libya.
Brent crude futures eased 31 cents to $64.89 a barrel, while U.S. crude fell 5 cents to $58.49.
DUBLIN--(BUSINESS WIRE)--The "Asia Pacific Autonomous Mobile Robot (AMR) Market 2020-2026 by Offering, Product Type, Mode of Operation, Industry Vertical, End User, and Country: Trend Forecast and Growth Opportunity" report has been added to ResearchAndMarkets.com's offering.
Asia Pacific autonomous mobile robot market will grow by 17.5% over the next years with a total addressable market value of $67.35 billion for 2020-2026.
Highlighted with 35 tables and 51 figures, this 118-page report Asia Pacific Autonomous Mobile Robot (AMR) Market 2020-2026 by Offering, Product Type, Mode of Operation, Industry Vertical, End User, and Country: Trend Forecast and Growth Opportunity is based on a comprehensive research of the entire Asia Pacific autonomous mobile robot market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. In this report 2019 is the base year for market analysis, with estimates and forecast covering 2020-2026.
In-depth qualitative analyses include identification and investigation of the following aspects:
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify Asia Pacific autonomous mobile robot market in every aspect of the classification from perspectives of Offering, Product Type, Mode of Operation, Industry Vertical, End User, and Country.
Key Topics Covered:
1.1 Industry Definition and Research Scope
1.1.1 Industry Definition
1.1.2 Research Scope
1.2 Research Methodology
1.2.1 Overview of Market Research Methodology
1.2.2 Market Assumption
1.2.3 Secondary Data
1.2.4 Primary Data
1.2.5 Data Filtration and Model Design
1.2.6 Market Size/Share Estimation
1.2.7 Research Limitations
1.3 Executive Summary
2 Market Overview and Dynamics
2.1 Market Size and Forecast
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter's Fiver Forces Analysis
3 Segmentation of Asia Pacific Market by Offering
3.1 Market Overview by Offering
4 Segmentation of Asia Pacific Market by Product Type
4.1 Market Overview by Product Type
4.2 Unmanned Marine Vehicle (UMV)
4.3 Unmanned Ground Vehicle (UGV)
4.4 Unmanned Aerial Vehicle (UAV)
4.6 Other Types
5 Segmentation of Asia Pacific Market by Mode of Operation
5.1 Market Overview by Mode of Operation
5.2 Remotely Operated
6 Segmentation of Asia Pacific Market by Industry Vertical
6.1 Market Overview by Industry Vertical
6.2 Agriculture & Forest
6.3 Real Estate & Construction
6.4 Power & Energy
6.5 Defense & Security
6.6 Industry and Manufacture
6.7 Logistics and Retail
6.8 Education & Research
6.10 Other Verticals
7 Segmentation of Asia Pacific Market by End User
7.1 Market Overview by End User
8 Asia-Pacific Market 2019-2026 by Country
8.1 Overview of Asia-Pacific Market
8.6 South Korea
8.7 Rest of APAC Region
9 Competitive Landscape
9.1 Overview of Key Vendors
9.2 New Product Launch, Partnership, Investment, and M&A
9.3 Company Profiles:
10 Investing in Asia Pacific Market: Risk Assessment and Management
10.1 Risk Evaluation of Asia Pacific Market
10.2 Critical Success Factors (CSFs)
For more information about this report visit https://www.researchandmarkets.com/r/lmwhyo
DUBLIN, Jan. 23, 2020 /PRNewswire/ -- The "APAC Distributed Denial-of-Service Protection and Web Application Firewall Market, Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Investments into Web Application Firewall (WAF) and Distributed Denial-of-Service (DDoS) solutions in the Asia-Pacific region continued to increase during 2018, with both markets recording robust growth on a year-on-year (YoY) basis.
An increase in the number of Internet of Things (IoT) DDoS and application-layer attacks, as well as their growing sophistication, has been driving greater adoption of DDoS and WAF solutions. During 2018, DDoS and Web-based attacks continued to increase, both in terms of frequency and sophistication. With the increasing popularity and penetration of IoT devices and the high-speed mobile broadband, the number of DDoS attacks using compromised IoT devices was on the rise.
At the same time, attacks on Web-based applications exploiting application vulnerability were significantly increasing. What evoked greater concern among stakeholders was the growing sophistication of DDoS and application attacks, driving investment into DDoS and WAF solutions during the year.
While the adoption of on-premise solutions recorded a slowdown for both WAF and DDoS markets across the APAC region, investment in cloud-based DDoS and WAF services continued to increase significantly. The slowdown in the adoption of on-premise solutions reflects a shift of organizations away from appliance-based solutions that are difficult to scale up and out to deal with the increasingly sophisticated threat landscape when it comes to application layer security. This may also be attributable to the purchase and replacement life cycle of the products, as particularly relevant for service provider customers (telcos and managed service providers)-the largest adopters of on-premise DDoS solutions.
Increasing investment in cloud-based DDoS and WAF services indicated a growing interest among enterprises in always-on, scalable, and management-free security services. As more and more enterprises are migrating their applications to the cloud, cloud-based security services are increasingly emerging as the preferred option. As many cloud-based services providers are offering both WAF and DDoS mitigation services on the same platform and package, it is easier for enterprises to adopt these technologies to reduce the complexity in the management of separate DDoS and WAF boxes.
Countries included in this study are Australia, New Zealand, Singapore, Malaysia, Indonesia, Philippines, Thailand, Vietnam, China, Hong Kong, Taiwan, India, Japan, and South Korea.
Key Topics Covered
1. Executive Summary
2. Market Overview
3. Market Forecast and Trends - Total DDoS and WAF Solutions Market
4. Market Share and Competitive Analysis - Total DDoS and WAF Solutions Market
5. Growth Opportunities and Companies to Action
6. The Last Word
For more information about this report visit https://www.researchandmarkets.com/r/he0o5f
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
SOURCE Research and MarketsRelated Links