China’s economy is starting to feel the affects of the recent deaths from the new bird flu strain. Bloomberg reports that Air China ltd.’s stock fell 12 percent. China Resources Land ltd. fell 3.2 percent. This is very concerning because the virus just started appearing in Poultry Plants and there hasn’t been proof of human-to-human transmission. If the deaths—six total so far—continue, stocks could start to plunge even more significantly. China also reported recently that certain drugs were showing that they fought the virus, but the two new deaths today are worrying some.
A decrease in airline stock also means that people aren’t coming into the country as much while little is known about the flu. Other industries will start to feel the affects of this if airline stock continues to fall.
Source: http://www.bloomberg.com/news/2013-04-05/asian-stocks-fall-as-bird-flu-concerns-trump-japan-plan.html
Comments on other posts – I’ll tote up later, but this is one of four or five.