Latam assets rattled by virus fears; Brazil's real touches near two-month low

• Latin American assets slid on Monday as investors fretted over the potential economic damage of China's coronavirus outbreak, with Brazil's real touching its weakest level in nearly two months.
• Risk assets around the globe were sold off, with investors fleeing to safe havens amid widespread disruptions in the world's second-largest economy. Risk-exposed emerging markets bore the brunt of the selling.
• markets were locking in profits after rallying in the fourth quarter of 2019. Optimism over a Sino-U.S. trade truce, as well as an expected recovery in global growth had pushed up risk assets through the quarter. 

 

(Source: Reuters)