Coronavirus update: Mainland China reports 17 new cases amid new infections in Wuhan
|Fears over the second wave of the coronavirus spread resurfaced on Monday, after China’s National Health Commission (NHC) reported 17 new cases in the mainland on May 10, rising from a day earlier and marking the highest daily increase since April 28.
Seven of those cases were so-called imported cases in Inner Mongolia involving travellers from overseas.
Wuhan, the epicentre of the outbreak in China, reported five new locally transmitted COVID-19 cases, the highest since March 11, per Reuters.
Meanwhile, the number of asymptomatic infections fell to 12 on Sunday compared with 20 reported a day earlier.
Market reaction
The re-opening of the global economies from the virus led lockdowns seems to have lifted the market sentiment heading into a fresh week. Although, the scare over the second virus wave keeps the investors on the edge.
USD/JPY consolidates the uptick to 107.02 while AUD/USD trades with solid gains above 0.6550. The Asian stocks, US stock futures and Treasury yields flash green amid risk-on while the greenback’s recovery is seen fizzling out.
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.