New Zealand confirms second case

  • World-wide instances: At least 91,700, in accordance to the most recent figures from the World Well being Corporation
  • World-wide fatalities: At least 3,100, according to the newest figures from the WHO

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All occasions beneath are in Beijing time.

9:02 am: Hong Kong enterprise activity plunges to report very low

The coronavirus outbreak has had a “severe effects” on Hong Kong’s personal sector, IHS Markit reported in its most up-to-date launch of its Hong Kong Paying for Manager’s Index. The index hit a file minimal of 33.1 in February as “enterprise situations deteriorated at the steepest pace considering that the study commenced in July 1998.”

“Actions taken in response to the Covid-19 situation and common anxiety of being contaminated noticed company activity and new sales sinking at a document tempo in an economy that has been beset earlier by political protests and US-China trade war tensions,” Bernard Aw, principal economist at IHS Markit, explained in a assertion. — Wang

8:29 am: New Zealand confirms second scenario

New Zealand’s health ministry confirmed a female in her 30s who just lately returned to Auckland from northern Italy has the coronavirus — the country’s second situation. It explained, even so, the female “isn’t going to demand healthcare facility degree treatment.”

New Zealand mentioned the lady is self-isolated at household with “acceptable clinical support,” a protocol it stated is an “acceptable reaction for people today with gentle to reasonable indications.” The ministry maintained that “with continued vigilance the probability of common neighborhood outbreak is anticipated to keep on being reduced.” — Wang

A common watch of travellers arriving at Auckland Global Airport on February 5, 2020 in Auckland, New Zealand.

Michael Ng | Getty Visuals

8:17 am: Hong Kong cuts charge

Hong Kong Monetary Authority cut its foundation level by 50 foundation points to 1.5%. That shift follows the U.S. Federal Reserve’s shock emergency rate slash. The Hong Kong dollar is pegged to the dollar.

The U.S. central lender said in a statement, “The coronavirus poses evolving dangers to financial exercise.” — Wang

All moments beneath are in Eastern time.

6:32 pm: Berkeley, California reports very first case, declares emergency

A resident of Berkeley, California, analyzed positive for the virus — the school town’s to start with verified circumstance, neighborhood wellbeing officials explained. City Manager Dee Williams-Ridley proclaimed a neighborhood unexpected emergency, offering the metropolis obtain to more resources to help include any community conditions. “When the chance of an infection stays lower, the expanded existence of the virus in our community is a truth we need to all put together for,” Metropolis of Berkeley Overall health Officer Dr. Lisa Hernandez mentioned in a assertion. —Kopecki

5:57 pm: Regeneron CEO hopes to have coronavirus vaccine ready for human testing possibly by this summertime

4:53 pm: Planet Financial institution approves $12 billion in unexpected emergency funding to aid poor nations

The Entire world Lender approved $12 billion in emergency funding to assist bad nations with the overall health costs and financial effect of the outbreak, the group said. “We are doing the job to provide a quick, versatile reaction dependent on creating state requires in dealing with the unfold of COVID-19,” Planet Lender Group President David Malpass said in a statement. The funds is supposed to assistance the poorest and most at-risk nations fight the virus, which has spread to at least 74 nations around the world across the world, and will be used to give emergency financing, technical guidance and coverage tips. The International Financial Fund and the Planet Bank explained on Monday they stood completely ready to enable member nations offer with the coronavirus outbreak, which include by emergency funding. — Kopecki

Examine CNBC’s protection from the U.S. right away: U.S. death toll hits 9 as mortality amount of COVID-19 rises

— CNBC’s Dawn Kopecki and Kevin Stankiewicz contributed to this report.

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