Stock of Japanese face-mask maker goes 'ballistic' as coronavirus fears escalate
Stocks in East Asia have taken a hit since the outbreak of the coronavirus that originated in Wuhan, China, and has since resulted in an increasing number of confirmed cases in several different countries, including the United States.
Investors are reportedly concerned the virus' spread could turn into a "longer event" and harm global growth. But one company that hasn't suffered in the wake of the contagion is Japanese face mask manufacturer, Kawamoto, which has seen a rapid spike in shares since the outbreak of the respiratory virus that is transmitted from person-to-person (though it's still unclear how).
What's really telling about Kawamoto's surge is the apparent escalation of fears about the virus, exemplified by the expediency in purchasing products that can serve as preventative measures against its spread even as governments and health experts try to urge a sense of calm.
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