Mr McCooey, Chairman of Nasdaq Asia Pacific, discussed how innovations played their part in this fight against COVID-19. With social distancing in place, people turned to working remotely and online economic activities became the perfect substitute for offline economic activities. Despite the sudden halt of many industries, some sectors experienced unprecedented boom. A stock exchange like Nasdaq with no physical trading floor can still operate efficiently with the current social distancing rules.
We have more than 600 pharmaceutical companies listed on Nasdaq, these companies played an invaluable part in developing vaccine and helping the infected, and via Nasdaq, these companies get access to funding for expansion. Nasdaq also played her part in fighting against the epidemic, albeit indirectly. There are numerous high-tech companies listed on Nasdaq, whose products help smooth our lives during difficult times like this. Innovation gives us more ‘weapons’ in the challenges we face.
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