The fall in the Tel Aviv Stock Exchange has been interpreted as a response to an increase in the number of Israelis infected or suspected of plaguing it, but in fact this is a reaction to a change in the US stock exchanges. , Decreased by 2.3% to 3.2%. The S&P index also went down, but these declines are not yet tainted with real panic. On Friday, that measure was 3,320 points, while earlier this year it was 3,230 points. At its greatest low, it reached 3,200 and peaked at 3,380 - not typical fluctuations in panic. In China, the Shanghai index looks encouraging, and yesterday posted slight gains.

The reason is that investors there understand that the state will inject money into the market to prevent panic

In the markets, and this knowledge is already contributing to the positive atmosphere. This epidemic meets the markets in high spirits.

They like the cheap money that the central banks are splashing on, and it seems that is not going to change any time soon. The situation may lead to a global credit crisis later, but of course it is of no interest to any party to the celebration.

But regardless of the state of the markets now, the risks of the Corona appear to be currently hedged. The epidemic hit tourism and caused production delays, but the factories in China have returned to production and the ports continue to ship goods to the world. It seems that until there is a significant change in the situation, markets will not react strongly to the plague, because human suffering in itself is certainly not a relevant variable for markets.