HONG KONG/SHANGHAI: The Chinese stock market reversed early losses to end higher on Wednesday, as Beijing vowed to contain the new, spreading virus which has killed nine and infected 440 in the country.
The coronavirus spread from Wuhan in central China to several other cities and abroad, just as millions of people prepared to travel for the Lunar New Year between Jan. 24 and 31.
The recovery followed a televised news conference by China's National Health Commission where vice-minister Li Bin said Beijing is tightening containment measures in hospitals and stepping up co-operation with the World Health Organization.The Hong Kong market, which had its worst day in over five months on Tuesday, was up 1.2% as of 0700 GMT.
Jefferies' analysts suggested in a note that markets were under-reacting to the person-to-person spread of the virus and"have been playing catch-up over the last two trading days."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia steps up defences as China virus hits 291 people, kills six | Malay MailBEIJING, Jan 21 — Asian countries today ramped up measures to block the spread of a new virus as the death toll in China rose to six and the number of cases jumped to almost 300, raising concerns in the middle of a major holiday travel rush. From Australia to Thailand and as far as Nepal, nations...
Read more »
US, Taiwan confirm China virus cases as death toll hits 6The coronavirus has caused alarm because of its genetic similarities to SARS. FMTNews SARS
Read more »
China virus spreads to US, curbing travel plans and spooking marketsThe virus struck as millions of Chinese prepared to travel for the Lunar New Year, heightening contagion risks.
Read more »
China virus death toll rises to 9 as pandemic fears mountBEIJING/SHANGHAI: The death toll from a new flu-like coronavirus in China rose to nine on Wednesday with 440 confirmed cases, Chinese health officials said as authorities stepped up efforts to control the outbreak by discouraging public gatherings in Hubei province.
Read more »
US confirms first case of China virus as death toll reaches sixWASHINGTON/BEIJING: The United States on Tuesday announced its first case of a new virus that has claimed six lives in China and sickened hundreds, joining countries around the world in ramping up measures to block its spread.
Read more »
China warns virus may spread as death toll hits 9BEIJING: China warned Wednesday that a SARS-like virus could mutate and spread as the death toll rose to nine and the number of cases reached 440 acro...
Read more »