South Korea confirms 600 new coronavirus cases, 3 new deaths

Dhwani Mehta FXStreet

According to the latest data published by the Korea Center for Disease Control and Prevention (KCDC) on Tuesday, the number of coronavirus cases in the country has risen to 4812, with 600 more cases confirmed.

The official report also confirmed 3 new death, with the death toll now at 34.

Meanwhile, the US virus cases are up to 100+ now.

China’s National Health Commission (NHC) confirmed 125 additional virus cases in Mainland China and 31 new deaths as on March 2^nd. Total cases are now at 80,151, with 2,943 death toll.

Market reaction

Investors cheer risk reset amid calls for a coordinated stimulus response by the G7 finance chiefs. However, the yen continues to draw bids across the board, with USD/JPY now testing the 108 level despite the risk-on action in the Asian equities and Wall Street futures.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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