Panic spreads faster than a pandemic. That might not make it irrational. Signs that the coronavirus is going global sent share prices plummeting this week. But equity valuations are stretched — the Stoxx Europe 600 reached a record high last week. Further falls are on the cards if, as seems likely, the outbreak worsens.
恐慌比流行病传播得更快。但它或许不会因此显得不理性。新型冠状病毒正在manbetx app苹果 蔓延的迹象，导致本周股市暴跌。但股市的估值水平是有点偏高的——斯托克欧洲600指数(Stoxx Europe 600)上周创下历史新高。疫情很有可能恶化，若果真如此，股市还会继续下跌。
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