Commentary-ASX Market: China Coronavirus No of Deaths & Cases are both increasing! So, China's optimism is unfounded, unwarrented! Thus, same applies for commentary as it relates to OZ.
As to China's Real Economy-i.e. economic activity- several reports (incl Bloomberg) suggest China is operating at 40% to 50% productive capacity!
On a local level (Ciarns-FNQ) in OZ, Silk Air has just cancelled flights from Singapore; 100% of Chinese airlines have cancelled. Jetstar have cancelled local flights. In short, Tourism Industry is leg-less, plus...
As far as ASX is concerned, then another day in cuckoo-land is expected...if totally irrational & based on Chinese-fed sugary "treats".
