Coronavirus: South Korea reports tenth death, risk off

Yohay Elam FXStreet

The Korean Center for Disease Control has confirmed the tenth death from coronavirus. The North Asian nation has the highest number of cases outside China.

Authorities in Seoul have designated two cities as special care zones in order to halt the spread. Earlier, Korean Airways stated that a crew member was diagnosed positive for the respiratory disease, without indicating where that worker traveled to.

The news is negative for markets that are attempting a recovery after Monday's sell-off. US shares suffered the worst sell-off in two years after the outbreak spread to Italy.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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