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South Korea's Kospi fell 3.87% after the country raised its coronavirus alert to the highest level and reported 161 new cases with seven deaths. Korean Air and Asiana suspended flights to Daegu, and regional airline shares also dropped.
Equity selloffs and airline disruptions signal weaker regional economic activity and risk appetite, which pressures demand-linked commodities and supports the dollar.
cnbc.comEustance HuangFeb 23, 2020After 2,577 past bullish events of any kind, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 32 past bearish disease events, Crude Oil (WTI) moved a median -5.2% over 5 sessions (13% higher; middle half -15.0% to -2.4%), and -5.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
