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Tuesday 18 February 2020

Coronavirus outbreak: passengers prepare to leave Diamond Princess – live updates

Deaths in China from the virus have risen above 2,000 after a 40% spike in fatalities in Hubei province – but new cases in the province are down. Follow all the latest news here

China’s handling of the virus is a diplomatic challenge for the WHO
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South Korea has 15 new cases of the coronavirus and will announce the positive test results later on Wednesday, according to Yonhap news agency, which cited unnamed health officials.

(URGENT) S. Korea reports 15 more cases of novel coronavirus, total jumps to 46. https://t.co/A9j4Z19m03

Stock markets in Asia are in positive territory today after a dip yesterday caused largely by Apple’s shortages warning.

Sydney is up 0.15%, Tokyo is 0.4% to the good and Seoul is 0.5% better off.

Bulls in the financial market have seen every dip in share prices as a buying opportunity, primarily because they are confident that the Federal Reserve and other central banks will step in and provide ample stimulus if things start to look grim. In the short-term, the bulls are right. In the long term, central banks will be legitimising reckless behaviour and risking the crash to end all crashes.

Related: Apple is the best bellwether for the coronavirus fallout

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from The Guardian https://ift.tt/3bPu2AI

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