The VN-Index (VNI) experienced its worst January in four years. The VNI moved sideways in the first week of January before climbing to a two-month high to close the lunar year. However, the subsequent outbreak of the coronavirus (nCoV) in China and beyond dragged the VNI down by more than 5% in two trading days after the Tet break. The VNI closed the month near a one-year low of 937 as it plunged 2.5% MoM. Other neighboring markets in the region also had a tough January, including the Philippine