SHANGHAI (Reuters) – Shops, restaurants and cinemas may be deserted in many parts of virus-plagued China, but online trading forums, internet roadshows and analyst calls are teeming with investors who have driven up stock trading volumes to nine-month highs.
FILE PHOTO: A man walks along the Financial Street in central Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. REUTERS/Jason Lee/File Photo
Strategists are busy meeting anxious investors online to dispense tips on how to trade the coronavirus, while fund managers aggressively pitch products via live video streaming, with face-to-face conferences banned and many offices still closed.
The virus has been a blow to China’s already-slowing economy, prompting Beijing to boost financial support to avoid a deeper hit to economic growth. But with many cities still locked down and people staying home amid efforts to contain an epidemic that has killed more than 1,000, online activity is…
Source Reuters Tech News