Market
Downside pressure on Kospi mounts as epidemic fears escalate
Feb. 26, 2020
The unfettered spread of the new coronavirus in South Korea has sparked jitters both here and abroad, with most market observers noting that the spillover effects will continue through March, weighing down on the domestic stock market. For one, global investment bank JP Morgan, in its latest report, has forecast that the infection will peak at around 10,000 by late March. “According to the JP Morgan insurance team’s epidemiology model, Korea’s COVID-19 infection rate has not