Sam Meredith, Joanna Tan,Saheli Roy Choudhury,Weizhen Tan
JUNG YEON-JE | AFP via Getty Images
6:15 pm: European stocks slide 2% as
coronavirus outbreak spreads to more countries
The pan-European Stoxx 600 fell 2% during European trading hours, with travel and leisure stocks plunging 3.6% to lead losses as almost all sectors and major
The spread of the
5:45 pm: South Korea confirms another record spike of
coronavirus cases, outnumbers China for daily infections
It marks the sharpest daily spike yet in South Korea, outnumbering the 433 new cases in China.
Most of the country’s new infections stemmed from the city of Daegu, Yonhap reported, citing the Korea Centers for Disease Control and Prevention.
Health authorities began testing more than 210,000 members of a religious sect at the center of South Korea’s epidemic for
5:30 pm: Governor of Italy’s virus-hit Lombardy region in isolation after staff member gets
In a Facebook post published late Wednesday, Attilio Fontana said he would remain in quarantine for the next two weeks after an aide tested positive for the deadly flu-like virus. All members of the team were subsequently tested, with all results coming back negative for COVID-19, Fontana said.
Italy has reported more than 300 cases of the
The country, which has recorded the worst contagion in Europe so far, has reported more than 400 cases of the
5:15 pm: UK reports two further cases of
coronavirus, brings total to 15
The deadly flu-like virus was passed on in Italy and Tenerife, according to England’s Chief Medical Officer Chris
The patients have been transferred to specialist National Health Service infection centers in Royal Liverpool Hospital and the Royal Free Hospital, London, Whitty said Thursday. — Sam Meredith
4:22 pm: Man returning from Italy is first confirmed case in Denmark
The man later tested positive, while the tests for his wife and son came back negative.
This is Denmark’s first confirmed case of COVID-19, the health authority said, adding that it does not change the country’s current low-risk assessment of the virus. — Joanna Tan
3:50 pm: Estonia confirms first case of
Iran, meanwhile, confirmed Thursday morning that 22 people had died from the virus — up from a total of 19 on Wednesday. The number of people with confirmed cases of the
1:57 pm: Saudi Arabia suspends visas for pilgrimage
Saudi Arabia has not reported any cases of the new
1:35 pm: Australian prime minister warns
world is entering a ‘pandemic phase’ of the coronavirus
As a result, he said, the country will be implementing its emergency response plan. Morrison also announced that the travel ban for China will be extended for an additional week and will be monitored on a weekly basis. The deadly virus has infected at least 23 people in Australia, according to the World Health Organization’s latest report. — Joanna Tan
(This post was updated at 4:34
1:15 pm: Standard Chartered says
outbreak and slowing global growth could impact profit target
“These headwinds are expected to be transitory, but we now believe it will take longer to achieve our ROTE (return on tangible equity) target of 10% than we previously envisaged,” the bank said in its outlook when reporting earnings for the year that ended Dec. 31, 2019. The bank’s Hong Kong-listed shares rose more than 2% on Thursday, after the earnings release. — Joanna Tan
11:19 am: Woman in Japan tests positive for twice
She first tested positive in January, but was discharged on Feb. 1 after recovering, Reuters said. But the woman tested positive again on Wednesday, the news agency reported citing Osaka’s
11:09 am: AmCham China survey finds almost half of the respondents expect a decline in China revenue
Almost 20% of the respondents said they predicted 2020 revenues to decline more than 50% if the epidemic extended through August. While many said it is still too soon to determine the estimated cost of delays from quarantine measures undertaken by Beijing to contain the spread of the infection, about 10% said they were losing at least half-a-million yuan (about $71,000) per day. — Roy Choudhury
10:56 am: South Korea central bank says virus outbreak raises growth uncertainty
Economists at ANZ Research said they were lowering their 2020 GDP growth forecast for South Korea from 2.3% to 1.9%. “Although the virus risks faced by South Korea were initially limited to sectors related to China and inbound tourists, the spike in local confirmed infections will now exacerbate the strain on the economy via the tourism, consumption, and production channels,” the economists wrote. — Roy Choudhury
10:06 am: JetBlue scraps change and cancellation fees because of
coronavirus in a US first
The budget carrier’s unusual measure, which could pressure other airlines to follow suit, comes during steep drop in airline stocks as investors fret over the spread of the virus. — Josephs
9:51 am: US raises travel alert level for South Korea
That comes days after the U.S. CDC also raised its alert level for travel to South Korea, which means “avoid non-essential travel,” as there’s
Infections in South Korea have been surging in the past week. As of Thursday morning, it reported a jump of 334 cases.
9:30 am: CDC confirms first possible ‘community spread’
coronavirus case in US
9:25 am: China reports 433 more cases
Of the new cases, 409 were in Hubei province, the epicenter of the outbreak. 26 of the 29 deaths were in Hubei.
That brings the country’s total to 78,497 cases, and 2,744 deaths. —
9:16 am: US and South Korea to postpone drills indefinitely
On Wednesday, the U.S.
9:05 am: South Korea reports 334 more cases
There were a total of 12 deaths as of Thursday morning, but no new fatalities.
More than half of
8:58 am: US colleges cancel study abroad programs
Italy is second only to the U.K.
8:18 am: Japan dives more than 1% as US markets continue to slide
Dow futures traded fell 170 points and indicated a loss of nearly 200 points
7:46 am: IMF, World Bank
considering scaling back meetings or holding them remotely
The Spring Meetings are scheduled for April 17 to 19, and 10,000 government officials and other delegates globally are set to gather in Washington D.C. —
All times below are in Eastern time.
7:20 pm: Trump says schools should prepare pandemic plans ‘just in case’President Donald Trump said schools should start preparing their pandemic plans as a precaution in case the COVID-19 outbreak that’s rapidly spreading through Asia, Europe and the Middle East takes hold in the U.S. “Every aspect of our society should be prepared. I don’t think it’s going to come to that,” Trump said. “I think schools should be preparing, get ready just in case. The words are just in case. We don’t think we’re going to be there. We don’t think we’re going to be anywhere close.” Watch the press conference here. —
6:50 pm: Trump says
coronavirus risk to the American people ‘remains very low’
The CDC has confirmed 60 cases in the U.S., 45 of which are patients who were repatriated from Wuhan, China or the Diamond Princess cruise ship that was quarantined off the coast of Japan and are excluded from its official count. Watch the press conference here. —
5:47 pm: Germany says it can’t trace cases and is heading for an epidemicGermany is at the beginning of a
4:40 pm: Booking Holdings
Online travel giant Booking Holdings
said the outbreak of
warns coronavirus will hit Q1 revenue
12:15 pm: CDC confirms 59 US cases
Read CNBC’s coverage from the U.S.
— CNBC’s Dawn Kopecki, Kevin Breuninger and Leslie Josephs contributed to this report.