Before revision:  Temporary measures aiming to reduce transmission are likely ineffective to mitigate the peak. An application to a stylized asset pricing model suggests that the stock price may decrease by 25-50\% during the epidemic, although the stock market crash is short-lived .
After revision:  The peak reduces to 6.2\% under the optimal mitigation policy that controls the timing and intensity of social distancing. A stylized asset pricing model suggests that the stock price may decrease by 25-50\% during the epidemic, although the stock market crash is short-lived .