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An offshore oil platform is seen with a tanker in the distance on April 20, 2020 in Huntington Beach, California. [Photo/Agencies]

Analysts expect the volatility to continue as long as the threat of severe economic disruption from the coronavirus does.

And one thing that may disappoint carmakers such as Toyota as well as China's BYD and SAIC Motor is that plug-in hybrids have been categorized in the guideline as conventional cars whose production will be curbed. In other government documents, plug-in hybrids, together with electric cars and fuel cell cars, are defined as new energy vehicles.

Analysts also said SMEs need to accelerate their push for digital transformation to gain key momentum in the market amid disruptions from the COVID-19 pandemic.

And waste might occur when products, such as fruits and vegetables, were stocked and not sold in a certain time period," he said.