Coronavirus made great impact on the whole world. Many people are in panic. They isloate themselves in houses, fearing to be infected. Countries close their borders. These actions influence the global economy. Chinese markets were the first who had huge losses. So, what is the impact of coronavirus on Chinese markets and global economy? The coronavirus has greatly impacted the financial world. It has shown the importance of China in the global economy. The US stock market witnessed the steepest decline since the 2008 financial crisis. As the concerns about the epidemic that is the Coronavirus continue growing, so do its impact on the economies of various countries. China, being its epicenter, has seen more far-reaching effects than any other nation. In this article, we discuss what the disease is and how it has impacted the financial world, particularly in China. Coronavirus definition explains that it is a family of viruses, which mostly infect animals but can be transmitted to human beings.
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