Some Asian markets and sectors could be immune from the economic fallout resulting from the ongoing coronavirus outbreak, said BNP Paribas.
Sectors such as travel and tourism, consumer discretionary and manufacturing that's closely linked to Chinese production were the "obvious losers" in the coronavirus epidemic, BNP Paribas analysts wrote in a Friday report.
But as more consumers choose to stay home, online retail players will stand to benefit, the analysts said. In addition, some Asian economies are less exposed to the potential economic fallout in China — which make them a safe market to invest in now, they said. BNP Paribas identified the Asian sectors and stocks that are "safe" to invest in now, and after concerns about the virus ease.
A boy waves a national flag as his dad holds him and uses a smartphone with a selfie stick to take a photo, both wearing protective masks, in front of the portrait of late communist leader Mao Zedong at Tiananmen Gate in Beijing on January 23, 2020.
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