News for hackers. Stuff that matters.

A comment on MWC 2020 canceled over coronavirus health concerns. Parent comment

Re:MWC 2020 canceled over coronavirus health concerns by robjan on Wednesday February 12, 2020 @09:47PM (#22314912)
Stock prices are (generally speaking) about the sentiment of the long term performance of a company. The coronavirus has caused a lot of setbacks but it's only a short term problem. As long as a company can survive this short term loss of productivity there is no need for the stock valuation to be lowered.
[ Parent | on HN ]
Re:MWC 2020 canceled over coronavirus health concerns by mantap on Wednesday February 12, 2020 @10:48PM (#22315177)
> The coronavirus has caused a lot of setbacks but it's only a short term problem

We hope it's only a short term problem. It's far to early to say if this outbreak will be contained somehow, if it will continue into the summer, or if it will go away for the summer and come back in the winter again like the flu.

[ Parent | on HN ]
Re:MWC 2020 canceled over coronavirus health concerns by robjan on Thursday February 13, 2020 @01:28AM (#22315756)
Even if it takes longer, it's not permanent. Most components of the SP500 and other indices are not going to be bankrupted by this.
[ Parent | on HN ]
Re:MWC 2020 canceled over coronavirus health concerns by mantap on Thursday February 13, 2020 @09:41PM (#22323549)
15-20% of people who get this illness require hospitalisation. In the worst case scenario where it infects a billion people... you can do the maths. There is a huge potential for disruption to production and supply chains, especially in developing countries with developing healthcare systems.

If this situation gets out of control, it could trigger a global recession. Nobody is buying much from Wuhan for the foreseeable future. Imagine what would happen if it spreads across Asia.

[ Parent | on HN ]
Re:MWC 2020 canceled over coronavirus health concerns by _-___________-_ on Wednesday February 12, 2020 @11:40PM (#22315379)
Containment seems to be working pretty well, if you compare the dynamics of it in China (and on the quarantined cruise ship) to the dynamics of it everywhere else.
[ Parent | on HN ]
Re:MWC 2020 canceled over coronavirus health concerns by totalZero on Thursday February 13, 2020 @01:46AM (#22315818)
We have no way of evaluating the truth of this claim. China has not been straightforward in its count of infections and fatalities [0]. The government has banned funerals for victims and ordered the cremation of their remains [1].

[0] https://www.usatoday.com/story/news/nation/2020/02/12/corona...

[1] https://www.aljazeera.com/news/2020/02/china-virus-funeral-o...

[ Parent | on HN ]
Re:MWC 2020 canceled over coronavirus health concerns by _-___________-_ on Thursday February 13, 2020 @03:35AM (#22316225)
Unless you think China is overstating the seriousness of it, this supports my point.
[ Parent | on HN ]
Re:MWC 2020 canceled over coronavirus health concerns by aza05001 on Thursday February 13, 2020 @01:00AM (#22315631)
Containment in China is not going well. Other countries containment + quarantining China is going well.
[ Parent | on HN ]
Re:MWC 2020 canceled over coronavirus health concerns by _-___________-_ on Thursday February 13, 2020 @03:35AM (#22316223)
That is exactly my point -- other countries are effectively containing the virus to China, and it appears to be working very well.
[ Parent | on HN ]
Re:MWC 2020 canceled over coronavirus health concerns by koheripbal on Saturday February 15, 2020 @05:03PM (#22338325)
This is unlikely. What is more likely is that all of Chinas poor neighboring countries are simply not reporting cases.

North Korea, Mongolia, Nepal, Northern Thailand, North Vietnam, North India, Eastern Russia, will keep this infection going until the next major outbreak next winter.

[ Parent | on HN ]
Re:MWC 2020 canceled over coronavirus health concerns by mantap on Thursday February 13, 2020 @09:47PM (#22323576)
Only a minority of countries are doing that. It might work now because most cases are in China. If self-sustaining outbreaks run out of control in Thailand and Singapore, will travellers from there be blocked too? It quickly becomes a game of cat and mouse.
[ Parent | on HN ]