Disease outbreaks have led to longer market declines and rebounds that are less sharp as compared with crises that are brought on by natural disasters, according to Credit Suisse.
The current coronavirus outbreak has been called a true "black swan" event, meaning an improbable and unforeseen event.
The bank's analysts picked out some "safe-haven" stocks, for investors looking to "insulate their portfolios from the additional COVID-19 downside." Disease outbreaks have led to longer market declines and rebounds that are less sharp as compared with crises that are brought on by natural disasters, according to the investment bank, which studied crises in Asia Pacific going back to the year 2000.outbreak has been called a true "black swan" event, meaning an improbable and unforeseen event. It has roiled markets, including those across Asia Pacific, which have declined 10% to 12% from recent highs.
"Diseases that are better understood, such as the seasonal H1N1 flu, make much less of an impact on markets, despite significantly higher infections and total mortality ," Credit Suisse analysts Will Stephens, Elita Lai and Dave Yin wrote.
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