Home » News » Coronavirus live updates: the global epidemic is causing fear of the pandemic

Coronavirus live updates: the global epidemic is causing fear of the pandemic

South Korea reported 161 more cases of virus causing Covid-19 disease on Monday, bringing the nation’s total to 763 cases and seven deaths.

President Moon Jae-in on Sunday placed South Korea on the highest possible alert in its fight against coronavirus, a move that allows the government to block cities and take other radical measures to contain the epidemic.

“The next few days will be a critical time for us,” he said at an emergency meeting of government officials to discuss the epidemic. “The central government, local governments, health officials and medical personnel and the whole population must undertake a comprehensive and concerted response to the problem.”

Many of South Korea’s coronavirus cases are found in the southeastern city of Daegu, which has essentially been put into a state of emergency, although people are still free to enter and exit the city.

More than half of the people confirmed to have been infected are members of both the Shincheonji Church of Jesus, a secret religious sect with a strong presence in Daegu, or their relatives or other contacts.

A slide in the stock markets that began at the end of last week seemed to accelerate across Asia on Monday morning, as investors seemed to fear that the economic downturn already seen in China due to the coronavirus epidemic could have effects elsewhere.

The South Korean market collapsed by almost 3 percent in early trading, after a surge in coronavirus cases confirmed there over the weekend. The Australian market fell by just over 2% in early trading, while the Hong Kong market fell by more than 1%. Forward market trading has suggested that American and European stock markets may drop just over 1 percent even in early trading when they open.

  • Updated February 10, 2020

    • What is a coronavirus?
      It is a new virus called for the crown-shaped tips that protrude from its surface. Coronavirus can infect both animals and people and can cause a range of respiratory diseases from the common cold to more dangerous conditions such as severe acute respiratory syndrome or SARS.
    • How contagious is the virus?
      According to preliminary research, it appears moderately contagious, similar to SARS, and is probably transmitted by air. Scientists estimated that each infected person could spread it somewhere between 1.5 and 3.5 people without effective containment measures.
    • How worried should I be?
      While the virus is a serious public health concern, the risk for most people outside of China remains very low and seasonal flu is a more immediate threat.
    • Who is working to contain the virus?
      World Health Organization officials praised China’s aggressive response to the virus by shutting down transportation, schools and markets. This week, a team of experts from the W.H.O. arrived in Beijing to offer assistance.
    • What if I travel?
      The United States and Australia are temporarily denying entry to non-citizens who have recently traveled to China and several airlines have canceled flights.
    • How can I protect myself and others?
      Washing your hands frequently is the most important thing you can do, besides staying at home when you are sick.

The equity markets of Shanghai and Shenzhen declined slightly. “The worse the virus outbreak, the greater the chances that the central bank will release” more money in the financial system, which tends to support stock prices, said Hao Hong, director of research for international operations at the Communications Bank. Chinese.

The Japanese stock market was closed on Monday, a public holiday there in honor of the emperor’s birthday.

The coronavirus epidemic in China has already severely reduced economic growth in China. Factories have been slow to reopen, in part because mass quarantines have prevented many employees from returning to their jobs, but also because demand in China has temporarily collapsed for a wide range of goods. Auto sales plummeted 92% in the first two weeks of February compared to the same period last year.

One of the big questions investors are facing now is whether the economies of other countries will be affected similarly. Italy blocked at least 10 cities over the weekend in response to an outbreak there. South Korea is now also facing a rapidly growing number of cases and on Sunday President Moon Jae-in put the country on the highest alert.

As Italy climbed on Sunday to contain the first major coronavirus outbreak in Europe, a new nervousness pervaded the continent, with officials from neighboring countries pledging to prevent the outbreak from spreading further.

The virus presents Europe with perhaps its biggest challenge since the 2015 migration crisis, which radically changed the policy of the European Union and exposed its institutional weaknesses. If the virus spreads, the fundamental principle of open borders in much of Europe – so central to the identity of the blockade – will undergo a stress test, as well as the vaunted but tense European health systems, especially in countries that have suffered austerity measures.

Experts said that based on the number of deaths, the total number of cases is likely to be much higher, as Covid-19 appears to kill around one in 50 infected people.

Pakistan’s 596-mile border with Iran is predominantly porous, and controlling a potential coronavirus spread is a major challenge.

Turkish health minister Fahrettin Koca said in a press conference: “As the picture in Iran is getting worse, we have decided to temporarily close our border with our neighbor.”

Turkey has four border gates to Iran and all of them have been closed.

National Security Council of Afghanistan he said on Sunday that all travel to Iran would be reduced to “essential humanitarian needs”.

Reports and researches were provided by Choe Sang-Hun, Elisabetta Povoledo, Austin Ramzy, Motoko Rich, Makiko Inoue, Salman Masood, Mujib Mashal, Isabel Kershner, Tiffany May, Derrick Bryson Taylor, Tess Felder, Amy Harmon, Farah Stockman, Edward Wong, Vivian Wang, Mihir Zaveri, Katrin Bennhold and Constant Méheut.

Leave a Comment