A sixth person has died from the coronavirus in Italy, while an outbreak in Iran seems to be spreading to its neighbors
BEIJING/SEOUL - Italy, South Korea and Iran reported sharp rises in coronavirus cases on Monday, but China eased curbs as the rate of infection there slowed and a visiting World Health Organization team said a turning point had been reached in the epicenter, Wuhan.
The surge of cases outside mainland China triggered sharp falls in global share markets and Wall Street stock futures as investors fled to safe havens. European share markets suffered their biggest slump since mid-2016, gold soared to a seven-year high, oil tumbled nearly 4% and the Korean wonBut U.S. Treasury Secretary Steven Mnuchin cautioned against jumping to conclusions about the global economy or supply chains, saying it was simply too soon to know.
The coronavirus has infected nearly 77,000 people and killed more than 2,500 in China, most of them in Hubei. South Korea reported 231 new cases, taking its total to 833. Many are in its fourth-largest city, Daegu, which became more isolated with Asiana Airlines and Korean Air suspending flights there until next month.
People wearing face masks walk along a street, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 24, 2020. REUTERS/Carlos Garcia RawlinsEurope’s biggest outbreak is in Italy, with some 150 infections - compared with just three before Friday - and a sixth death.
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