US equities recorded timid gains on Thursday, while stocks in Asia edged lower on renewed anxieties about the spreading coronavirus as a Chinese doctor in Wuhan was reported dead and residents were asked to report their temperatures daily. More companies including Tesla decided to temporarily close their stores in China. While the Chinese New Year break will officially end next week, it is unsure if life will get back to its normal course as soon as next week. If the crisis extends, some companies may consider momentarily moving their production plants outside China. In this respect, Fiat Chrysler warned that a move to Europe is possible to avoid shortages in China-made parts. Measures like this will likely have an impact on prices worldwide and weigh on company profits. This is what investors are selling today, though the sell-off is much more contained compared to the panic headwinds that we […]