Archives of “February 17, 2020” day

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Japan says it has 520 coronavirus patients; most from cruise ship

  
  Analysis

Olympic organizers undoubtedly nervous

The biggest event of the summer will be the Tokyo olympics starting on July 24. With today’s disastrous Q4 GDP numbers and the risk of a very-slow Q1, Japan is on the verge of recession.
Today officials there updated coronavirus figures and there are now 520 cases in Japan. The tally for the Diamond Jubilee cruise ship is now 454 but there are also 53 domestic cases and more evidence of local transmission with families of hospitalized patients infected, nurses and employees of the ministry of health.
The WHO is starting a press briefing on the latest virus numbers now.

US weighs new move to limit China’s access to chip technology – report

  
  Analysis
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US continues to target Huawei with proposed changes to restrict its use of chip-making equipment from the US

US China

The WSJ reports that the US is weighing new trade restrictions against China to cut off Huawei access to key semiconductor technology, citing people familiar with the plan.

It is reported that the Commerce Department is drafting changes to the foreign direct product rule, to make it so that chip factories overseas would need licenses if they intend to use American equipment to produce chips for Huawei. The full report can be found here.
That will be quite the change if it goes through as I reckon it won’t only add to more tensions between the US and China but also lead to further supply chain disruption in the industry as there will be a chunk of companies who will be restricted to do business.
But this once again goes to show that any real conciliation between the US and China on trade and other matters is still far away. The fact that the US wants to cut China off one of its key imports goes to show that these two are still clearly “at war”.

Hyundai to suspend one of its five South Korean factories in Ulsan due to virus impact

  
  Analysis

The suspension will take place from Tuesday to Thursday, for now

I’m still thinking that the market has not come to terms with the global implications that the coronavirus outbreak is having at the moment. The severity of the hit to global supply chains is one that shouldn’t be taken lightly and corporate earnings will suffer as such.

But with easy and free money flowing everywhere – as evident by China adding more today – it is truly a different trading/investing landscape than the world has come to know.

Trading Secret Seminar -By Anirudh Sethi ,Date :21st March -Baroda

  
Analysis, Trading Seminar

 

Golden opportunity 

Yes ,Your 3-4 hours……….will change your Trading Life

Technically Yours /ANIRUDH SETHI

Beijing to fast-track new mask factory to meet soaring demand amid virus outbreak

  
  Analysis

Beijing will set up a new mask factory within six days, Xinhua reports

Mask

The factory, to be converted from an industrial building currently, will be able to churn out 250,000 masks each day and is expected to be completed by this Saturday.

I reckon that won’t still be enough to meet the overwhelming demand but at least it will hopefully help with the situation and allow people to be more health-conscious moving forward. Still no clue on how they are going to solve this outbreak though.
I mean considering how contagious it is (Japan cruise as a good example), China has to really zero in on every single case or otherwise risk a resurgence again in the future.
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