Wuhan to Test All 11 Million Residents After Handful of New Infections

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(BANGKOK) — Authorities in the Chinese city where the coronavirus pandemic began were moving forward Wednesday with efforts to test all 11 million residents for the virus within 10 days after a handful of fresh infections were found there.

The U.S. government’s top infectious disease expert, meanwhile, issued a blunt warning that cities and states could see more COVID-19 deaths and economic damage if they lift stay-at-home orders too quickly — a sharp contrast to President Donald Trump, who is pushing to right a free-falling economy.

“There is a real risk that you will trigger an outbreak that you may not be able to control,” Dr. Anthony Fauci warned a Senate committee and the nation Tuesday as more than two dozen states have begun to lift their lockdowns.

The tension in balancing people’s safety from the virus against the severe economic fallout is playing out in many other countries, too. Italy partially lifted lockdown restrictions last week only to see a big jump in confirmed coronavirus cases in its hardest-hit region. Pakistan reported 2,000 new infections in a single day for the first time after the easing of its lockdown saw crowds of people crammed into markets throughout the country.

China, the first nation to put a large number of its citizens under lockdown and the first to ease those restrictions, has been strictly guarding against any resurgence.

District health commissions and neighborhood committees in the city of Wuhan have been told to develop a plan to test all residents in their jurisdictions, local media reports said. The directive also said the testing should focus on the elderly, densely populated areas and places with mobile populations.

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A person who answered the mayor’s hotline in Wuhan on Wednesday said local districts had been given 10 days to carry out the tests. The official declined to give his name because she was not authorized to speak to reporters.

The first cases of the new coronavirus were found in Wuhan in December, and by the end of January the government had placed the entire city and the surrounding region, home to more than 50 million people, under a strict lockdown.

A cluster of six new cases was recently found in one part of the city, the first local infections the government has reported in Wuhan since before the lockdown was eased in early April.

It wasn’t clear how many people would actually still need to be tested, as one expert at Wuhan University told the Global Times newspaper that up to 5 million residents of Wuhan have already been tested since the outbreak began.

Worldwide, the virus has infected more than 4.2 million people and killed over 291,000 — with more than 82,000 deaths in the U.S. alone, the world’s highest toll. Experts say the actual numbers are likely far higher.

Progress was being made in many places, including New Zealand, which reported no new cases on Wednesday. It was the second day in a row without any and the fourth such day since early last week.

Director-General of Health Ashley Bloomfield said it was encouraging news as New Zealand prepares to ease many of its lockdown restrictions on Thursday. Most businesses, including malls, retail stores and sit-down restaurants, will be able to reopen. Social distancing rules will remain in place and gatherings will be limited to 10 people.

“The sense of anticipation is both palpable and understandable,” Bloomfield said.

Authorities in South Korea said Wednesday that they had no immediate plans to revive strict social distancing rules despite a spike in cases linked to nightclubs in Seoul.

In his Senate testimony, Dr. Fauci said more infections and deaths are inevitable as people again start gathering, but how prepared communities are to stamp out those sparks will determine how bad the rebound is.

“There is no doubt, even under the best of circumstances, when you pull back on mitigation you will see some cases appear,” Fauci said.

Move too quickly and “the consequences could be really serious,” he added. It not only would cause “some suffering and death that could be avoided, but could even set you back on the road to try to get economic recovery.”

With more than 30 million people unemployed in the U.S., Trump has been pressuring states to reopen.

A recent Associated Press review determined that 17 states did not meet a key White House benchmark for loosening restrictions — a 14-day downward trajectory in new cases or positive test rates. Yet many of those states have begun to reopen or are about to do so, including Alabama, Kentucky, Maine, Mississippi, Missouri, Nebraska, Ohio, Oklahoma, Tennessee and Utah.

Of the 33 states that have had a 14-day downward trajectory, 25 are partially opened or moving to reopen within days, the AP analysis found. Other states that have not seen a 14-day decline remain closed despite meeting some benchmarks.

Fauci expressed optimism that eventually vaccines will arrive, along with treatments in addition to the one drug that so far has shown a modest effect in fighting COVID–19. But it would be “a bridge too far” to expect them in time for fall, when schools hope to reopen, he said.

Although Trump declared this week that “we have met the moment, and we have prevailed” in increasing and improving virus testing, Republican senators on the panel were noticeably less sanguine.

A lack of testing has dogged the U.S. response from the beginning, when a test developed by the Centers for Disease Control and Prevention ran into numerous problems. Sen. Mitt Romney said the U.S. may finally have outpaced testing leader South Korea but that country has far fewer deaths because it started testing early.

“I find our testing record nothing to celebrate whatsoever,” said Romney, a Republican from Utah.

Trump administration “testing czar” Adm. Brett Giroir said the U.S. could be performing at least 40 million to 50 million tests per month by September. That would work out to between 1.3 million and 1.7 million tests per day. Harvard researchers have said the U.S. must be doing 900,000 by this Friday in order to safely reopen.

Neergaard reported from Washington. Associated Press journalists around the world contributed to this report.

By CHRIS BLAKE and LAURAN NEERGAARD

Source: https://time.com

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The local government in Wuhan, central China’s Hubei Province says it plans to test its entire population for the coronavirus. The announcement comes after six new cases were reported there over the weekend. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvn… Download our APP on Google Play (Android): https://play.google.com/store/apps/de… Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalT… Twitter: https://twitter.com/CGTNOfficial Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Pinterest: https://www.pinterest.com/CGTNOfficial/ Weibo: http://weibo.com/cctvnewsbeijing Douyin: http://v.douyin.com/aBbmNQ/

As Coronavirus Spreads, Many Questions & Some Answers From Harvard Health Blog

The rapid spread of the coronavirus and the illness it causes called COVID-19 has sparked alarm worldwide. The World Health Organization (WHO) has declared a global health emergency, and many countries are grappling with a rise in confirmed cases. In the US, the Centers for Disease Control and Prevention (CDC) is advising people to be prepared for disruptions to daily life that will be necessary if the coronavirus spreads within communities.

Below, we’re responding to a number of questions about COVID-19 raised by Harvard Health Blog readers. We hope to add further questions and update answers as reliable information becomes available.

Does the coronavirus spread person-to-person?

What is the incubation period for the coronavirus?

What are the symptoms of the new coronavirus?

Can people who are asymptomatic spread coronavirus?

Can the coronavirus live on soft surfaces like fabric or carpet? What about hard surfaces?

Should I wear a face mask to protect against coronavirus? Should my children?

Should someone who is immunocompromised wear a face mask?

Should I accept packages from China?

Can I catch the coronavirus by eating food prepared by others?

Should I travel on a plane with my children?

Is there a vaccine available for coronavirus?

Is there a treatment available for the new coronavirus?

How is this new coronavirus confirmed?

How deadly is this coronavirus?

What should people do if they think they have coronavirus or their child does? Go to an urgent care clinic? Go to the ER?

Can people who recover from the coronavirus still be carriers and therefore spread it?

Does the coronavirus spread person-to-person?

Yes, the virus can spread from one person to another, most likely through droplets of saliva or mucus carried in the air for up to six feet or so when an infected person coughs or sneezes. Viral particles may be breathed in, land on surfaces that people touch, or be transferred when shaking hands or sharing a drink with someone who has the virus.

Often it’s obvious if a person is ill, but there are cases where people who do not feel sick have the virus and can spread it.

Basic steps for avoiding flu and other infections — including steps for handwashing shown in this video and avoiding touching your mouth, nose, and eyes — are likely to help stop the spread of this virus. The CDC has a helpful list of preventive steps.

Quarantines and travel restrictions now in place in many counties, including the US, are also intended to help break the chain of transmission. Public health authorities like the CDC may recommend other approaches for people who may have been exposed to the virus, including isolation at home and symptom monitoring for a period of time (usually 14 days), depending on level of risk for exposure. The CDC has guidelines for people who have the virus to help with recovery and prevent others from getting sick.

What is the incubation period for the coronavirus?

An incubation period is the time between being exposed to a germ and having symptoms of the illness. Current estimates suggest that symptoms of COVID-19 usually appear around five days on average, but the incubation period may be as short as two days to as long as 14 days.

What are the symptoms of the new coronavirus?

Fever, dry cough, and trouble breathing are the common symptoms of COVID-19. There have been some reports of gastrointestinal symptoms (nausea, vomiting, or diarrhea) before respiratory symptoms occur, but this is largely a respiratory virus.

Those who have the virus may have no obvious symptoms (be asymptomatic) or symptoms ranging from mild to severe. In some cases, the virus can cause pneumonia and potentially be life-threatening.

Most people who get sick will recover from COVID-19. Recovery time varies and, for people who are not severely ill, may be similar to the aftermath of a flulike illness. People with mild symptoms may recover within a few days. People who have pneumonia may take longer to recover (days to weeks). In cases of severe, life-threatening illness, it may take months for a person to recover, or the person may die.

Can people who are asymptomatic spread coronavirus?

A person who is asymptomatic may be shedding the virus and could make others ill. How often asymptomatic transmission is occurring is unclear.

Can the coronavirus live on soft surfaces like fabric or carpet? What about hard surfaces?

How long the new coronavirus can live on a soft surface — and more importantly, how easy or hard it is to spread this way — isn’t clear yet. So far, available evidence suggests it can be transmitted less easily from soft surfaces than frequently-touched hard surfaces, such as a doorknob or elevator button.

According to the WHO, coronaviruses may survive on surfaces for just a few hours or several days,  although many factors will influence this, including surface material and weather.

That’s why personal preventive steps like frequently washing hands with soap and water or an alcohol-based hand sanitizer, and wiping down often-touched surfaces with disinfectants or a household cleaning spray, are a good idea.

Should I wear a face mask to protect against coronavirus? Should my children?

Follow public health recommendations where you live. Currently, face masks are not recommended for the general public in the US. The risk of catching the virus in the US is low overall, but will depend on community transmission, which is higher in some regions than in others. Even though there are confirmed cases of COVID-19 in the US, most people are more likely to catch and spread influenza (the flu). (So far this season, there have been nearly 30 million cases of flu and 17,000 deaths.)

Some health facilities require people to wear a mask under certain circumstances, such as if they have traveled from areas where coronavirus is spreading, or have been in contact with people who did or with people who have confirmed coronavirus.

If you have respiratory symptoms like coughing or sneezing, experts recommend wearing a mask to protect others. This may help contain droplets containing any type of virus, including the flu, and protect close contacts (anyone within three to six feet of the infected person).

The CDC offers more information about masks. The WHO offers videos and illustrations on when and how to use a mask.

Should someone who is immunocompromised wear a mask?

If you are immunocompromised because of an illness or treatment, talk to your doctor about whether wearing a mask is helpful for you in some situations. Advice could vary depending on your medical history and where you live. Many people will not need to wear a mask, but if your healthcare provider recommends wearing one in public areas because you have a particularly vulnerable immune system or for other reasons, follow that advice.

Should I accept packages from China?

There is no reason to suspect that packages from China harbor COVID-19. Remember, this is a respiratory virus similar to the flu. We don’t stop receiving packages from China during their flu season. We should follow that same logic for this novel pathogen.

Can I catch the coronavirus by eating food prepared by others?

We are still learning about transmission of COVID-19. It’s not clear if this is possible, but if so it would be more likely to be the exception than the rule. That said, COVID-19 and other coronaviruses have been detected in the stool of certain patients, so we currently cannot rule out the possibility of occasional transmission from infected food handlers. The virus would likely be killed by cooking the food.

Should I travel on a plane with my children?

Keep abreast of travel advisories from regulatory agencies and understand that this is a rapidly changing situation. The CDC has several levels of travel restrictions depending on risk in various countries and communities.

Of course, if anyone has a fever and respiratory symptoms, that person should not fly if at all possible. Anyone who has a fever and respiratory symptoms and flies anyway should wear a mask on an airplane.

Is there a vaccine available for coronavirus?

No vaccine is available, although scientists are working on vaccines. In 2003, scientists tried to develop a vaccine to prevent SARS but the epidemic ended before the vaccine could enter clinical trials.

Is there a treatment available for coronavirus?

Currently there is no specific antiviral treatment for this new coronavirus. Treatment is therefore supportive, which means giving fluids, medicine to reduce fever, and, in severe cases, supplemental oxygen. People who become critically ill from COVID-19 may need a respirator to help them breathe. Bacterial infection can complicate this viral infection. Patients may require antibiotics in cases of bacterial pneumonia as well as COVID-19.

Antiviral treatments used for HIV and other compounds are being investigated.

There’s no evidence that supplements, such as vitamin C, or probiotics will help speed recovery.

How is this new coronavirus confirmed?

A specialized test must be done to confirm that a person has COVID-19. Most testing in the United States has been performed at the CDC. However, testing will become more available throughout the country in the coming weeks.

How deadly is this coronavirus?

We don’t yet know. However, signs suggest that many people may have had mild cases of the virus and recovered without special treatment.

The original information from China likely overestimated the risk of death from the virus. Right now it appears that the risk of very serious illness and death is less than it was for SARS and MERS. In terms of total deaths in the United States, influenza overwhelmingly causes more deaths today than COVID-19.

What should people do if they think they have coronavirus or their child does? Go to an urgent care clinic? Go to the ER?

If you have a health care provider or pediatrician, call them first for advice. In most parts of the US, it’s far more likely to be the flu or another viral illness.

If you do not have a doctor and you are concerned that you or your child may have coronavirus, contact your local board of health. They can direct you to the best place for evaluation and treatment in your area.

Only people with symptoms of severe respiratory illness should seek medical care in the ER. Severe symptoms are rapid heart rate, low blood pressure, high or very low temperatures, confusion, trouble breathing, severe dehydration. Call ahead to tell the ER that you are coming so they can be prepared for your arrival.

Can people who recover from the coronavirus still be carriers and therefore spread it?

People who get COVID-19 need to work with providers and public health authorities to determine when they are no longer contagious.

Reliable resources

Also, read our earlier blog posts on coronavirus:

Related Information: Cold and Flu

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What Is Coronavirus (COVID-19)? The World Health Organization declared the new #Coronavirus disease (COVID-19) outbreak a global health emergency in January 2020. Experts at Johns Hopkins Medicine are closely monitoring the spread of the virus and offering useful information on what the disease is and how to help prevent transmission. For more information, please visit the #JohnsHopkins Medicine coronavirus website. https://www.hopkinsmedicine.org/coron…

China’s E-Learning Leaders Add $3.2 Billion As Coronavirus Fears Drive Students Online

The coronavirus outbreak has been hitting China’s economy hard as many businesses have had to temporarily shut down their operations amid tight quarantine rules. But measures to stop the spread of the illness have also become an unexpected boon for at least one industry: online education.

With the opening of schools pushed back to March and all extracurricular activities suspended, tens of millions of students have been told to go online to study. And the country’s providers of online tutoring services are suddenly experiencing a surge in interest from students and their parents.

The biggest winner appears to be TAL Education’s Zhang Bangxin, who saw his wealth increase by $1.7 billion, giving him a current net worth of at least $10 billion. His New York-listed company rallied 20% last month on expectations of strong growth. The 40-year-old Zhang has catapulted past the likes of JD.com’s founder Richard Liu ($8.7 billion) and Baidu’s Robin Li ($7.1 billion) to reach No. 24 on China’s wealth rankings.

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“This is like a natural marketing campaign for these companies,” says Jiao Wei, an analyst at Shanghai-based research firm 86 Research. “Parents who didn’t know much about online education can now see how it works and how classes are being streamed online.”

TAL has partnered with more than 300 public schools across China to stream free classes, and its Xueersi unit is providing complementary K-12 online tutoring sessions. Other education companies are also launching more e-learning courses, while developing data tools to analyze student performance and help teachers track their progress.

Shares of New York-listed New Oriental rose 7.3% last month, adding $190 million to the wealth of its founder Yu Minhong. His current net worth is estimated at $3.4 billion. And Chen Xiangdong, founder of GSX Techedu, also listed in New York, has seen his net worth rise to $4.75 billion, thanks to a 40% rally that added another $1.3 billion to the value of his stake in the same period. The three education billionaires’ combined $3.2 billion gain makes them stand out as rare winners at a time when the coronavirus outbreak has battered industries ranging from hospitality to retail and logistics. As of Thursday, the virus that had infected nearly 80,000 people in China has been estimated to shave $60 billion off China’s economic growth.

More Sources:

https://commodity.com/blog/biggest-lost-fortunes/

Analysts say that education companies are likely to benefit from the increased attention for their services for some time. After both students and parents become more familiar with virtual classrooms, they can be enticed to try other products and pay for services down the road. Terry Weng, a Shenzhen-based analyst at research firm Blue Lotus Research Group, estimates that 22% of Chinese K-12 students will take part in online tutoring by end of this year, up from 17% in 2019. Driven by tough competition for good schools and jobs, as well as technological advances in virtual learning, China’s online education market is expected to more than triple to 696 billion yuan ($99.3 billion) in 2023 from last year’s 203 billion yuan, according to research firm Frost & Sullivan.

More on Forbes: No Customers, Closed Stores: Chinese Entrepreneurs Brace For The Worst Amid Coronavirus Outbreak

But analysts also caution that the current e-learning boom may not translate into higher revenue or profit—at least not in the short term. In a bid to attract more users, many services are being offered for free or at a discount. Blue Lotus’s Weng estimates that when TAL actually charges its virtual classes, they are sold at a 10% to 30% discount compared with lessons for its offline learning centers. The company generated $6.5 million in profits from $2.5 billion in sales during the first nine months of 2019. Before the virus struck, TAL was estimated to derive between 20% and 30% of its revenues from online learning and the remainder came from its offline centers.

Still, investors seem willing to overlook any short-term loss and focus on future gains. Aside from faster user growth for their online services, TAL and New Oriental’s offline businesses may also capture a larger share of the overall education market. This is due to the fact that smaller service providers are running out of cash, and probably won’t stay in business much longer. They still have to pay rent and teachers’ salaries, even when China suspended all types of offline classes and ordered tuition refunds.

“The gradual exit of smaller education firms means there are more opportunities for TAL and New Oriental,” Weng says. “Investors are more keen for their future performance.”

I am a Beijing-based writer covering China’s technology sector. I contribute to Forbes, and previously I freelanced for SCMP and Nikkei. Prior to Beijing, I spent six months as an intern at TIME magazine’s Hong Kong office. I am a graduate of the Medill School of Journalism, Northwestern University. Email: ywywyuewang@gmail.com Twitter: @yueyueyuewang

Source: China’s E-Learning Leaders Add $3.2 Billion As Coronavirus Fears Drive Students Online

 

There are at least 29 confirmed cases of Covid-19 in the United States. It’s a small fraction of the number of cases in China, but the fear surrounding the coronavirus outbreak knows no bounds. Many Chinese students in America are on edge, and worry for family members in China. CGTN’s Dan Williams met some students at Northwestern University.

‘Corona Beer Virus?’ The Global Epidemic Is Taking a Real-Life Toll on the Beverage

KIEV, UKRAINE – 2018/09/26: Detail of lined up Corona beer bottles seen on the store shelf. Corona extra Lager Beer is the flagship product of the Mexican company Grupo Modelo. (Photo by Igor Golovniov/SOPA Images/LightRocket via Getty Images)

The novel coronavirus has an unlikely victim — one of the world’s most popular beers.

Corona has become the subject of memes and videos shared on social media as the toll from the virus climbs worldwide. Reports of an increase in online searches for “corona beer virus” and “beer coronavirus” show the Mexican beer hasn’t been able to escape the association. The so-called purchase intent among adults in the U.S. has plunged to the lowest in two years, according to data from YouGov Plc.

The damage has become more severe in recent days as infections spread. Shares of Corona-maker Constellation Brands Inc. dived 8% this week in New York. Corona’s buzz score—which tracks whether American adults aware of the brand have heard positive or negative things about it—has tumbled to 51 from a high of 75 at the beginning of the year, YouGov said.

Corona, which derives its name from the Sun’s corona and has nothing to do with the virus, is the third-most popular beer in the U.S., according to YouGov rankings. Guinness is first and Heineken is second.

Another reason for the drop in purchase intent could be the perception of Corona as a summer beverage associated with beach holidays, YouGov business data journalist Graeme Bruce wrote in an article published Wednesday. It therefore has substantial seasonal fluctuations, he said.

By Anurag Kotoky / Bloomberg February 28, 2020

Source: ‘Corona Beer Virus?’ The Global Epidemic Is Taking a Real-Life Toll on the Beverage

People believe coronavirus is linked to Corona beer?

Pope Francis skipped a planned Mass on Thursday due to illness. The Vatican did not elaborate, saying only that he had a “slight indisposition”. The pontiff was seen coughing and blowing his nose during the Ash Wednesday Mass. This comes as cases of coronavirus surge in Northern Italy, with over 400 people testing positive for the virus.
Read more about the coronavirus: https://www.telegraph.co.uk/global-he… Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Telegraph, the UK’s best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.

World Stocks Follow Wall Street Lower On Renewed Virus Fears

BEIJING (AP) — Global stock markets followed Wall Street lower Friday after a spike in new virus cases in South Korea refueled investor anxiety about China’s disease outbreak.

Benchmarks in Tokyo, Hong Kong and Sydney retreated and London and Frankfurt opened lower. Shanghai advanced.

Traders shifted money into bonds and gold, a traditional safe haven.

Bond markets are “sounding a warning on global growth” as virus fears spread to South Korea, Singapore and other economies, DBS analysts said in a report.

Markets had been gaining on hopes the outbreak that began in central China might be under control following government controls that shut down much of the world’s second-largest economy. Sentiment was buoyed by stronger-than-expected U.S. economic data and rate cuts by China and other Asian central banks to blunt the economic impact.

But investors were jarred by South Korea’s report of 52 new cases of the coronavirus, raising its total to 156, most of them since Wednesday. That renewed concern the infection is spreading in South Korea, Singapore and other Asian economies.

In early trading, the FTSE 100 in London sank 0.5% to 7,402.58 and Frankfurt’s DAX lost 0.4% to 13,606.41. France’s CAC 40 tumbled 0.6% to 6,019.63.

On Wall Street, the future for the benchmark S&P 500 index retreated 0.4% and that for the Dow Jones Industrial Average lost 0.5%.

In Asia, Tokyo’s Nikkei 225 declined 0.4% to 23,386.74 and Hong Kong’s Hang Seng sank 1.1% to 27,308.81. In Seoul, the Kospi lost 1.5% to 2,162.84.

The Shanghai Composite Index bucked the regional trend, climbing 0.3% to 3,039.67.

The S&P-ASX 200 in Sydney lost 0.3% to 7,139.00. New Zealand advanced while Southeast Asian markets declined.

On Thursday, the S&P 500 index lost 0.4% after being down as much as 1.3% at one point. The Dow fell 0.4%.

Gold touched its highest price since early 2013, gaining $14.50 to $1.634.30. The 10-year Treasury’s yield sank to 1.49% from 1.57% late Wednesday.

Yields on 30-year U.S. Treasuries are below 2%, a level last seen in September “when U.S.-China trade fears were acute,” said the DBS analysts.

A pickup in economic activity “is still elusive,” despite a decline in numbers of new Chinese cases, they wrote.

China reported 118 deaths and 889 new cases in the 24 hours through midnight Thursday.

That raised the death toll to 2,236 since December and total cases to 75,465.

The number of new cases reported each day has been declining but changes in how Chinese authorities count infections have raised doubts about the true trajectory of the epidemic.

The Korea Centers for Disease Control and Prevention said 41 of the new 52 cases were in the southeastern city of Daegu and the surrounding region.

South Korea’s government declared the area a “special management zone” Friday. The mayor of Daegu urged the city’s 2.5 million people to stay home and wear masks even indoors if possible.

Also Friday, a measure of Japan’s manufacturing activity tumbled to an eight-year low and a companion gauge of service industries dropped even more sharply.

The preliminary purchasing managers’ index for February declined to 47.7 from the previous month’s 48.8 on a 100-point scale on which numbers below 50 show activity contracting. The preliminary services PMI plunged to 46.4 from January’s 51.0.

The decline “underlines that the coronavirus has started to weaken activity,” Marcel Thieliant of Capital Economics said in a report.

To contain the disease, China starting in late January cut off most access to Wuhan, the central city where the first cases occurred, and extended the Lunar New Year holiday to keep factories and offices closed and workers at home.

Some Chinese factories and other businesses are reopening but restrictions that in some areas allow only one member of a household out each day still are in place. Forecasters say auto manufacturing and other industries won’t return to normal until at least mid-March.

A rise in new cases in Beijing, the capital, “raises alarm” because it suggests major Chinese cities “may be under pressure to contain the virus amidst returning workers” as companies reopen, Mizuho Bank said in a report.

A growing number of companies say they expect to suffer losses due to the virus.

The world’s largest shipping company, Denmark’s A.P. Moller Maersk, said Thursday it expects a weak start to the year. Air France said the disease could mean a hit of up to 200 million euros ($220 million) for its results from February to April.

The worries overshadowed encouraging data on the U.S. economy.

A survey of manufacturers in the mid-Atlantic region jumped to its highest level since February 2017. A separate report showed leading economic indicators in the United States rose more in January than economists forecast. The number of workers applying for jobless claims rose but stayed low.

ENERGY: Benchmark U.S. crude lost 75 cents to $53.13 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 49 cents on Thursday to settle at $53.78. Brent crude oil, the international standard, lost 90 cents to $58.41 per barrel in London. It rose 19 cents the previous session to $59.31 per barrel.

CURRENCY: The dollar declined to 111.72 yen from Thursday’s 112.09 yen. The euro rose to $1.0815 from $1.0790.

Source: World stocks follow Wall Street lower on renewed virus fears

Subscribe: http://bit.ly/SubscribeTDAmeritrade The COVID-19 coronavirus has broken out in China. Tens of thousands have been infected, and more than a thousand have died. Airlines have canceled flights and shops have closed, but the virus is also impacting global financial markets in ways you might not expect. We dig deeper to find other ways the COVID-19 coronavirus may impact markets and considerations for hedging risk. TD Ameritrade is where smart investors get smarter. We post educational videos that bring investing and finance topics back down to earth weekly. Have a question or topic suggestion? Let us know. Connect with TD Ameritrade: Facebook: http://bit.ly/TDAmeritradeFacebook Twitter: http://bit.ly/TwitterTDAmeritrade Open an account with TD Ameritrade: http://bit.ly/SignUpTDAmeritrade

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