Chart 4: FBMKLCI's weekly chart in 2002-2003 & Feb 3, 2020 (Source: Malaysiastock.biz)
If FBMKLCI is not convincing, you can refer to S&P500 for that period and today.
Chart 5: S&P500's weekly chart in 2002-2003 & Feb 3, 2020
Interestingly, the charts of the 3 glove producers listed then (Topglov, Supermx and Kossan) did not react in a sharp rally like they did in the past few days. In fact, the rally for these stocks only picked up after the SARS outbreak appeared to have been contained in July 2003.
From the above, I can draw these conclusions:
1) Stock markets are likely to have limited downside from here.
2) The current novel coronavirus outbreak may last about 6 months
3) Glove stocks may have run ahead of fundamentals, and may correct for a while.
4) Glove stocks may begin their next upleg after the novel coronavirus appears to have been contained.
5) Broad market selldown may be a buying opportunity.