As the coronavirus spread continues to hurt global demand, the automotive industry drops. Global carmaker Toyota Motors announced it had suspended production in all its European factories and activity would not be resumed before 20 April. Toyota share price slumped after reaching its peak in February. Currently trying to resume its upward trend, the supply cut may have had some benefits, after all, boosting demand to a certain extent and stirring the bullish spirits. Sharp price fluctuations and brisk downward moves are to be expected sooner rather than later.
