World prepares for coronavirus pandemic as infections spread rapidly, countries start stockpiling medical equipment and investors take flight in expectation of a global recession Follow our live blog for coronavirus updates:
GENEVA/BEIJING - Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world, countries started stockpiling medical equipment and investors took flight in expectation of a global recession.
The U.S. stock market fell into correction territory with the benchmark S&P 500 index down more than 4% on Thursday, extending a market rout that has now sliced more than 10% off of its closing peak on Feb. 19. Asian stocks on Friday tracked Wall Street’s plunge. “This virus has pandemic potential,” Tedros said. “This is not a time for fear. This is a time for taking action to prevent infection and save lives now.”
U.S. President Donald Trump’s administration was considering invoking special powers to rapidly expand U.S. production of protective gear, two officials told Reuters. Korean Air Lines Co Ltd said will check temperatures of passengers traveling to the United States and would not allow anyone with a temperature higher than 37.5 Celsius to fly. One of its flight attendant who worked on Seoul-Los Angeles flights has tested positive.There is particular concern over a case in Japan in which a woman tested positive for the virus for a second time. Second positive tests have also been reported in China and could imply contracting the disease does not confer immunity.
U.S. Centers for Disease Control and Prevention director Robert Redfield said the agency was evaluating how long coronavirus could be infectious on surfaces.
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