China reports 508 new cases of coronavirus on 24th vs 409 and 71 deaths vs 150 on Feb 23rd
|China reports 508 new cases of coronavirus on 24th bs 409 and 71 deaths vs 150 on Feb 23rd. China's Hubei province, epicentre of coronavirus outbreak, reports 499 new cases on Feb 24 vs 398 on Feb 23.
Key notes
- China reports 71 new coronavirus deaths on mainland on Feb 24 vs 150 on Feb 23.
- China's total number of confirmed coronavirus cases on mainland hits 77,658 as of end-Feb 24.
- China's total number of coronavirus deaths on mainland reaches 2,663 as of end-Feb 24.
- China reports 508 new confirmed cases of coronavirus on mainland on Feb 24 vs 409 on Feb 23.
- China's Hubei province, epicentre of coronavirus outbreak, reports 499 new cases on Feb 24 vs 398 on Feb 23.
- China's Hubei province, epicentre of coronavirus outbreak, reports 68 new deaths on Feb 24 vs 149 on Feb 23.
- the death toll from coronavirus outbreak in china's Hubei at 2,563 as of end-Feb 24.
Market implications
Overnight, we saw a bloodbath in European and US markets following the weekend's news of the spread of the coronavirus. On Wall Sreet, we saw the second-biggest daily point drop for the Dow Jones Industrial Average, or the DJIA, in its 124-year history. Monday’s selloff marks the first time all three major benchmarks each fell by at least 3% on the same day since December 4th, 2018.
However, the good news here is that mainland regions outside Hubei report 9 new infections, a single-digit increase for the first time in weeks.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.