China proxies bear brunt of investor concerns on virus

The baht is Asia's worst performer for the year, with losses against the dollar nearly 3%.

SYDNEY/TOKYO: Stock and currency markets in Thailand, South Korea and Australia are bearing the brunt of investors' scramble to hedge the mounting risks from a new viral outbreak in China during a long holiday on the mainland.

In the week since the spreading coronavirus became a mainstream market concern, every hour has brought headlines of mounting cases or another Chinese city shutting public transport or a country telling citizens not to travel.