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Market alert: time to practice risk aversion

June 28, 2020

Shanghai authorities have tightened monitoring of the city’s vegetable, meat and seafood markets after a cluster of coronavirus cases in Beijing was traced to the capital’s largest wholesale market.
Once again, after a seafood market in Wuhan was identified as the epicenter of the global epidemic six months ago, markets have returned to the spotlight of concern over the risk of coronavirus resurgence and public health and hygiene standards.
Chinese authorities reported that more than 220 people in Beijing have thus far tested positive for the virus from a cluster believed to have originated from chopping boards used to handle imported salmon at the massive Xinfadi market, which supplies more than 70 percent of the capital’s fresh produce.