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Saturday Feb 29 2020
By
AFP

Coronavirus cases surge as WHO sounds maximum alert, stocks crash to lowest since 2008 crisis

By
AFP
The coronavirus first emerged in China, where tens of thousands have been infected. Photo: File

SEOUL: South Korea reported on Saturday its biggest surge in new coronavirus cases and concerns grew of a possible epidemic in the United States as the World Health Organization raised its risk alert to its highest level.

The virus has rapidly spread across the world over the past week, causing stock markets to sink to their lowest levels since the 2008 global financial crisis over fears that the disease could wreak havoc on the world economy.

More than 2,900 people have died and over 85,000 have been infected worldwide since it emerged apparently from an animal market in the central Chinese city of Wuhan in December.

Also read: Pakistan latest victim of coronavirus

The vast majority of infections have been in China but more daily cases are now logged outside the country, with South Korea, Italy and Iran emerging as major focal points.

South Korea has the most cases outside China, with nearly 3,000 infections as 594 more patients were reported on Saturday -- the country´s biggest increase to date.

In neighbouring North Korea, the country´s leader Kim Jong Un warned top party officials of the "serious consequences" of failing to prevent an outbreak of the new coronavirus on their side of the border.

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The impoverished nation, with a weak and ill-equipped healthcare system, has closed its borders to prevent the spread of the disease into its territory.

The virus has also spread to new zones -- in the past 24 hours, it has affected nine new countries, from Azerbaijan to Mexico and New Zealand after reaching sub-Saharan Africa with Nigeria reporting its first case.

"We have now increased our assessment of the risk of spread and the risk of impact of COVID-19 to very high at global level," WHO chief Tedros Adhanom Ghebreyesus told reporters on Friday.

Countries and territories with confirmed cases of the new coronavirus as of February 28 at 1700 GMT. Photo: AFP

Also read: Pakistan seals Taftan border after coronavirus situation deteriorates in Iran

"We do not see evidence as yet that the virus is spreading freely in communities. As long as that´s the case, we still have a chance of containing this virus."

But California health officials confirmed a second suspected US case of the new coronavirus transmitted to a person who did not travel overseas or come in contact with anyone known to be ill, prompting fears of a possible outbreak in the United States.

"This new case indicates that there is evidence of community transmission but the extent is still not clear," said Sara Cody, director of public health for Santa Clara County, the heart of Silicon Valley where tech giants like Apple and Google are based.

"What we know now is that the virus is here, present at some level, but we still don´t know to what degree."

Also read: What can we do to stay safe from the coronavirus at our office?

Economy, events hit

The coronavirus outbreak has spooked markets worldwide as fears grow about its impact on the global econom. Photo: AFP

US Federal Reserve chair Jerome Powell said the central bank stood at the ready to intervene if needed, given the "evolving" risks to the world´s largest economy posed by the outbreak.

Official data released in China on Saturday showed the extent of the damage caused to the world´s second-largest economy, with manufacturing activity falling to its lowest level on record in February as key industries ground to a standstill under drastic containment measures.

More global events were disrupted due to the epidemic, with the United States delaying a regional summit of the Association of Southeast Asian Nations (ASEAN) due in Las Vegas next month.

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"This is not a time for panic. It is time to be prepared -- fully prepared," UN Secretary-General Antonio Guterres said.

Those efforts come as the number of deaths and new infections has been tapering off in China, following unprecedented quarantine efforts locking down tens of millions of people in the worst-hit cities.

But they have kept rising abroad. 

The World Health Organization has raised its risk alert to the highest level over the coronavirus outbreak. Photo: AFP

South Korean cases

South Korea´s epidemic is centred in its fourth-largest city, Daegu, whose streets have been largely deserted for days, apart from long queues at the few shops with masks for sale.

Three women in the Daegu area died of the illness, taking the national toll to 16, authorities said Saturday.

South Korea´s total is expected to rise further with screening of more than 210,000 members of the Shincheonji Church of Jesus, a secretive entity often accused of being a cult that is linked to around half of the country´s cases.

Also read: Coronavirus: Pakistan-Iran border closure enters fourth day, trade activities remain suspended

While China reported 47 more deaths on Saturday, it recorded fewer new cases than South Korea, with 427 infections.

South Korean officials say they are not considering a citywide quarantine for Daegu similar to the lockdown imposed on the central Chinese city of Wuhan.

In Iran, unnamed health system sources told the BBC that at least 210 people had died of the coronavirus -- far beyond the official death toll of 34, but a health ministry spokesman angrily denied that figure.