China virus out­break may wallop econ­omy, fi­nan­cial mar­kets

Antelope Valley Press - - BUSINESS -

BANGKOK — Re­ports that a new coro­n­avirus that has af­flicted hun­dreds of peo­ple in cen­tral China can spread be­tween hu­mans has rat­tled fi­nan­cial mar­kets and raised con­cern it might wallop the econ­omy just as it ap­pears to be re­gain­ing mo­men­tum. Health au­thor­i­ties across Asia are step­ping up surveil­lance and other pre­cau­tions to pre­vent a re­peat of the dis­rup­tions and deaths dur­ing the 2003 SARS cri­sis. Such out­breaks can cause tens of bil­lions of dol­lars of losses from re­duced travel and spend­ing.

The first cases of the new coro­n­avirus were linked to a seafood mar­ket in Wuhan, sug­gest­ing an­i­mal-to-hu­man trans­mis­sion, but the ill­ness is now thought to also be spread be­tween hu­mans. As of Wed­nes­day, more than 500 peo­ple were con­firmed sick and 17 re­ported dead from the ill­ness.

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