Dow plunges 1,032 points on coronavirus anxiety
Outbreak is not yet a pandemic, WHO says
Parts of Italy on lockdown; spread outside China rattles markets worldwide.
A swath of “hot spot” cities and towns across northern Italy were in lockdown Monday as authorities battled to contain a fast-spreading outbreak of the new coronavirus that has killed 2,600 people in China.
The unrelenting spread of the virus pushed global stocks sharply lower Monday amid fears that the outbreak could become a global pandemic – a worldwide outbreak of a serious new illness.
The outbreak is not there yet, said Tedros Adhanom Ghebreyesus, director general of the World Health Organization.
“For the moment, we are not witnessing the uncontained global spread of this virus, and we are not witnessing large-scale, severe disease or death,” Tedros said Monday. “Does this virus have pandemic potential? Absolutely. Are we there yet? From our assessment, not yet.”
Tedros said a WHO team has determined the outbreak there peaked in late January and early February and has been in decline since.
A boom in cases in Italy, South Korea and Iran, he said, was “certainly very concerning.” But he said China has shown that the virus can be contained.
In Europe, “protecting our citizens is the main priority,” said Stella Kyriakides, European Commissioner for Health and Food Safety. “We are all taking this situation seriously, but without giving in to panic, disorder or disinformation.”
In Italy, the death toll rose to five. With more than 200 cases of the virus confirmed, Italy is easily the most involved European country. Italian Prime Minister Giuseppe Conte has banned people from leaving infected areas, and police have been ordered to fine anyone entering or leaving certain towns.
Soldiers patrolled piazzas in Milan, and Venice shut down its carnival three days early as Italy tightened restrictions on large public gatherings.
Police roadblocks have been set up to stop people entering or leaving about a dozen towns. Several regions have closed schools, universities, museums, monuments and libraries and banned public events that attract crowds.
Basilicata Gov. Vito Bardi ordered 14day quarantines for anyone entering his southern region from the northern part of the country.
Virus investigators in Italy suffered a setback when a person who recently visited China and was thought to be the “patient zero” for the Italian outbreak tested negative for the virus. Kyriakides announced that a team of experts from the European Center for Disease Prevention and Control and the World Health Organization was being sent to help Italy in its efforts to limit the transmission of the virus, known as COVID-19.
Iran’s death toll from the coronavirus has risen to 12, parliament spokesman Asadollah Abbasi said, giving the country the most fatalities from the outbreak outside China. The government rejected a claim from a lawmaker, published in a reformist-leaning media outlet, that 50 people had died. Deputy Health Minister Iraj Harirchi said in a news conference on state TV that “this is not the time for political confrontations.”
In China, the National People’s Congress postponed the legislative session set to begin March 5. No new date was set. Also Monday, the epicenter city of Wuhan announced a plan to relax the month-long lockdown and allow small groups of nonresidents to leave for their homes. But a few hours later the plan was rescinded.
Government figures have shown a decline in the number of new cases, even as cases are sharply rising in Italy, South Korea and a few other countries. The U.S. total of 35 confirmed cases remained unchanged Monday.