(Updated: )
SHANGHAI: Five Chinese regions have downgraded their emergency response level after assessing that health risks from the coronavirus outbreak have receded, state media and government authorities reported.
The northwestern Chinese regions of Inner Mongolia and Xinjiang, the southwestern province of Sichuan, the northeastern province of Jilin and the southern island of Hainan have all cut their emergency response levels.....MUCH MORE
China has a four-tier response system for public health emergencies that determines what measures a region will implement, with level I the most serious.
Sichuan announced it would adjust its measures from level I to level II, while Inner Mongolia will change from level I to level III, state news agency Xinhua said on Wednesday (Feb 26).....
S&P 500 2,897.34 down 81.42 (-2.73%)
Dow 30 24,978.83 down 787.81(-3.06%)
NVDA $258.61 up $6.01 (+2.38%)
NVIDIA has had its own little bear market since the all-time high on February 19, down 23.5% to this morning's lows.
It's dangerous to buy going into the weekend when hysteria is in the air but some China exposed issues are catching a bid as short-sellers retreat.
Just be aware that there seems to be a concerted effort to put a bad face on things as ownership of huge swaths of American business is changing hands.
Also, stocks don't usually bottom on Fridays.
