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Concern over coronavirus spread as cases jump in South Korea, Italy and Iran

Published 02/23/2020, 05:49 PM
Updated 02/23/2020, 05:49 PM
Concern over coronavirus spread as cases jump in South Korea, Italy and Iran

By Jane Chung and Emily Chow

SEOUL/SHANGHAI (Reuters) - International concern about the spread of coronavirus outside China grew on Sunday with sharp rises in infections in South Korea, Italy and Iran.

The government in Seoul put the country on high alert after the number of infections surged over 600 with six deaths. A focal point was a church in the southeastern city of Daegu, where a 61-year-old member of the congregation with no recent record of overseas travel tested positive for the virus.

In Italy, officials said a third person infected with the flu-like virus had died, while the number of cases jumped to above 150 from just three before Friday.

Authorities sealed off the worst affected towns and banned public gatherings in much of the north, including halting the carnival in Venice, where there were two cases, to try to contain the biggest outbreak in Europe.

"I was surprised by this explosion of cases," Prime Minister Giuseppe Conte told state broadcaster RAI, warning that the numbers would likely rise in the coming days. "We will do everything we can to contain the contagion."

Italian health authorities were struggling to find out how the virus started. "If we cannot find 'patient zero' then it means the virus is even more ubiquitous than we thought," said Luca Zaia, the regional governor of the wealthy Veneto region.

Almost a dozen towns in Lombardy and Veneto with a combined population of some 50,000 have effectively been placed under quarantine.

The European Union said it had confidence in the Italian authorities. "We share concern for possible contagion (but) there is no need to panic," the bloc's Economic Affairs Commissioner Paolo Gentiloni told reporters.

Iran, which announced its first two cases on Wednesday, said it had confirmed 43 cases and eight deaths, with most of the infections in the Shi'ite Muslim holy city of Qom. Saudi Arabia, Kuwait, Iraq, Turkey and Afghanistan imposed travel and immigration restrictions on the Islamic Republic.

The virus has killed 2,442 people in China, which has reported 76,936 cases, and has slammed the brakes on the world's second largest economy. It has spread to some 28 other countries and territories, with a death toll of around two dozen, according to a Reuters tally.

"Despite the continuing decline in reported cases from China, the last two days have seen extremely concerning developments elsewhere in the world," said Paul Hunter, professor of medicine at Britain's University of East Anglia.

The World Health Organization (WHO) said on Saturday it was worried by the detection of infections without a clear link to China.

For a graphic on tracking the novel coronavirus, click https://graphics.reuters.com/CHINA-HEALTH-MAP/0100B59S39E/index.html

'SEVERE AND COMPLEX'

China, which has seen the vast majority of cases, reported 648 new infections. But only 18 were outside of Hubei province, the lowest number outside the epicenter since authorities began publishing data a month ago and locked down large parts of the country.

"At present, the epidemic situation is still severe and complex, and prevention and control work is in the most difficult and critical stage," President Xi Jinping said.

State run television urged people to avoid complacency, drawing attention to people gathering in public areas and tourist spots without wearing masks.

In South Korea, Catholic churches in Daegu and Gwangju have suspended services and other gatherings, while churches elsewhere saw declines in attendance on Sunday, especially among the elderly.

"If the situation gets worse, I think we'll need to take more measures," said Song Gi-young, 53, wearing a face mask at church.

South Korea's president said raising the disease alert to the highest level, allowing authorities to send extra resources to Daegu city and Cheongdo county, which were designated "special care zones" on Friday.

Health officials reported 169 new infections, bringing the total to 602.

ECONOMIC IMPACT

The potential economic impact of the disease was prominent at a meeting of G20 finance ministers in Riyadh.

The International Monetary Fund's chief said China's 2020 growth would likely be lower at 5.6%, down 0.4 percentage points from its January outlook, with 0.1 percentage points shaved from global growth.

Xi highlighted the importance of fighting the epidemic in the capital Beijing, which has recently required people arriving from elsewhere in China to be quarantined at home for 14 days.

He said it would have a relatively big, but short-term impact on the economy and that Beijing would step up policy adjustments to help cushion the blow.

In Japan, where the government is facing growing questions about whether it is doing enough to counter the virus, authorities had confirmed 773 cases by early Sunday evening.

Most of them were from a cruise ship quarantined near Tokyo, the Diamond Princess. A third passenger, a Japanese man in his 80s, died on Sunday.

British authorities said four people evacuated from the ship had tested positive for the virus after being flown to Britain.

Latest comments

this is disheartening
Obvious it going down becsuse i didnt sell on friday lol. Fml
Summarizes short term investing pretty well
Lmao, silly traders...
What the ******?! Sorry, but my one take away from your article is in reaction to... The U.S. State Department raised its travel advisory level one notch for South Korea and Japan to Level 2 on a scale of 1 to 4I have only so much faith in a government that slams China with travel cessation, yet is still allowing international travel to continue with allied countries which are now beginning to explode Covid cases. How is this a good thing, not just for American citizens, but for the whole world. Forget about politics..forget about our stock accounts. Pay attention folks. When your laying in a overcrowded hispital , trying to breath, you wont give a *****about how much your stock account has gone up this year.
Wow
i agree with you
the bears and the virus need to go
enjoy the ride
should have been a bear already, government pump jobs can't last forever their effectiveness is becoming nill
The cycle ends and a new begins. Embrace it !
Iran having larger nonod cases points to possibly students with infections allowed to come back to population. That will be the case for most countries having students studying in china and coming back or chinese students coming in or back to study!
Financial news media keep reporting about the amount of infections here and there and completely fail to report about disruption in supply chain in measures taken by all governments. This is what traders should base their decision on. This way of reporting will lead to surprises in Q1 earning reports and companies warning of a drop in revenue. And this in turn will shock markets that are in all time highs un expectations this same companies will do very very well. Also, exuberance slept into market, thanks to the fed, poring money into the repo market that eventually found it’s way to the stock market, creating a bubble. All bubbles bust on surprises. Save trading.
and the markets has not priced in that fact yet
only 2 more people die, not much serious
sk did it in H1N1 either watch what happend nothing
China claim fewer virus cases to try stop U.S. companies moving out of China. U.S. will not mind when U.S. companies start up their factories in U.S. again it only means that Trump fase 2 is coming active to make U.S. great again
  Where’s here “David”? Still pretending to be American?
Buzzy Jefferson forget to take his medication again. 
agree with you David.
The flu kills more people yearly than this virus. The flu is worldwide as well. Now recently we have antiviral medications for that but before that the virus had to run its course in infected people. No different than this Coronavirus is now. Back to the old time flu days before antiviral meds like tamiflu and xofluza.
What matters is the reaction of people and governments, not just the number of people infected. Closing borders and locking down cities does have a big impact.
Flu didn’t кill anybody 🏴‍☠️
COVID-19 is much worse than common flu even if the killrate is similar.
Patient #31 got infected during a burial ceremony for a church leader who had a congregation in Wuhan and that burial in South Korea was heavily attended by Chinese from Wuhan.
much bluffing...more immune for this news...it's will no effected to scare market soon...this virus ve been setting...so don't panic and keep calm...more dead from others never speak by media..."Lebay"
Your ability to communicate in English mirrors your understanding of the issue.
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