Guy Stephens: Coronavirus and the investment implications

In light of recent developments, it matters more than ever, when assessing the impact on investment markets, that we cut through the media frenzy and establish what the facts are. The rational reaction to the coronavirus is to refer back to precedent such as SARS or Swine Flu and conclude that this will pass, the headlines will move on and the markets will recover. There may be some economic impact, principally in China, but if this outbreak persists and leads to lengthy shutdowns of manufacturing facilities, exports to the west will be affected. You can see the knock-on effect global...