The surge in buying in stocks that investors
perceive may benefit from the coronavirus outbreak continues this
morning. The outbreak, mainly in China, has spread to Hong Kong.
The dean of the University of Hong Kong’s medical estimates that as many as 44,000 people in Wuhan could be infected.
The island’s economy, already in recession, is
taking a further blow as residents avoid restaurants, malls and crowded
places. Tourist spending is plummeting as well. Hong Kong Disneyland
Resort closed Sunday and will not reopen until it clarifies a plan with
health authorities. The city’s official Lunar New Year celebrations have
also been canceled.
Selected premarket movers: NanoViricides (NYSEMKT:NNVC) (+44%); Allied Healthcare Products (NASDAQ:AHPI) (+38%); Inovio Pharmaceuticals (NASDAQ:INO) (+30%); Novavax (NASDAQ:NVAX) (+15%); Moderna (NASDAQ:MRNA) (+5%); BioCryst Pharmaceuticals (NASDAQ:BCRX) (+14%); Aethlon Medical (NASDAQ:AEMD) (+8%); Lakeland Industries (NASDAQ:LAKE) (+13%); Alpha Pro Tech (NYSEMKT:APT) (+29%); iBio (NYSEMKT:IBIO) (+9%); Co-Diagnostics (NASDAQ:CODX) (+17%)
https://seekingalpha.com/news/3534569-coronavirus-related-stocks-up-again-contagion-spreads
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