Crude oil, iron ore and ferrous metal futures fell by 7%, 6.5 % and 6 % respectively. Share prices of telecommunication, technology and extractive companies are decreasing the most. And the more than 8% fall in key stock indices has been linked to the coronavirus outbreak. And in the midst of this confrontation, as if by a wave of a magic wand, a coronavirus outbreak started in the PRC, which has already caused enormous damage to the Chinese economy and has considerably weakened BeijingвЂ™s bargaining position at the negotiating table.Д«loomberg reported that Chinese stocks plummeted when markets reopened and called these developments вЂњthe worst rout since 2015.вЂќ For ten days ChinaвЂ™s and Hong KongвЂ™s financial markets had been closed on account of the Lunar New Year holiday celebrations nation-wide. In light of these recent developments, it seems apt to remind our readers that a fierce, take-no-prisoners type of trade war is currently ongoing between the United States and China. And on 7 February, there were 31,452 individuals infected with 2019-nCoV worldwide, and 638 had succumbed to the disease.

ChinaвЂ™s National Health Commission has reported 31,161 confirmed cases of coronavirus. Hence, their research hints at the possibility that the virus was designed and could be used to wage biological warfare. No other well-studied coronaviruses have such a structure. They discovered a possible link between it and other similar known coronaviruses circulating in animals (such as bats and snakes), and found HIV virus-like insertions in 2019-nCoV. A professor of Molecular Biology in New DelhiвЂ™s Jawaharlal Nehru University, Anand Ranganathan, and his colleagues published a preprint (which has not been peer-reviewed as yet) about their research on the novel coronavirus (2019-nCoV) from China. Shocking news just in from India is enough to make oneвЂ™s blood run cold.

The war wages on