Industries hit the hardest by coronavirus
Oil and gas services have taken the hardest hit after the global outbreak of coronavirus, registering a negative 10.3% return compared to average, a new Bloomberg and Saxo Bank report shows. Base metals, travel, especially cruise lines and airlines are among other industry that were negatively affected as well, according to Peter Garnry, Head of Equity Strategy at Saxo Bank. Tourism and supply chain are shouldering most of the damage to the markets, with predictions of a 75% fall for US-China air passenger traffic during the next six months.