NEW YORK (Reuters) - As travel and casino stocks reel from concerns over the coronavirus outbreak, some value-focused investors are betting the declines will not last.
British Airways has suspended flights to mainland China and economists have warned of a major impact to the world's second-largest economy, as deaths from the flu-like virus stood at around 170 Thursday. The number of visitors to Macau, the world's largest casino hub, has fallen by 69% since Friday, according to the local government data released this week.
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