Today, global markets stabilized further after recording serious damages as a result of china’s coronavirus.

World stocks were nearly flat despite a 3% fall in Hong Kong, and remained just 2% off recent record highs following yesterday’s bounce on Wall Street.

European shares opened firmer after Tuesday’s 0.8% rise, while mainland Chinese markets remain closed.

Chinese equity futures traded in Singapore rebounded from two days of losses to rise 1.79%, the biggest gain in almost seven weeks.

“There appears to be more transparency, communication in terms of the virus, and that makes it easier to start assessing the economic fallout. So the markets took some comfort from that,” announced Rainer Guntermann, a rates strategist at Commerzbank in Frankfurt.