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Coronavirus Update: Two Cruise Deaths Reported; South Korea Cases Soar

Two people from the quarantined cruise ship in Japan have died, NHK reported, while coronavirus cases in South Korea more than doubled in one day, with a surge of infections tied to a church.

Two people from the quarantined cruise ship in Japan have died, NHK reported, while coronavirus cases in South Korea more than doubled in one day, with a surge of infections tied to a church.

Stocks came under pressure on signs the outbreak was spreading more rapidly beyond China. The death toll in mainland China rose to 2,118 as Hubei province added 108 fatalities.

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China’s banks lowered the benchmark borrowing costs for loans as Beijing seeks to blunt the economic impact of the outbreak. China is planning to take over HNA Group Co. and sell off its airline assets after the coronavirus outbreak hit the debt-laden conglomerate’s ability to meet financial obligations, according to people familiar with the plans.

Key Developments

  • China death toll rises to 2,118, with cases at 74,576
  • Hubei adds 108 deaths, new cases increase by 349; 1,209 more patients discharged
  • U.S. stock futureserase gain on report of Japan deaths

Click VRUS on the terminal for news and data on the novel coronavirus and here for maps and charts. For analysis of the impact from Bloomberg Economics, click here.

The novel coronavirus is shed in the feces of infected people, which may help explain why it’s spread so fast, according to Chinese researchers.

The finding of live virus particles in stool specimens indicates a fecal-oral route for coronavirus, which may be why it’s caused outbreaks on cruise ships with an intensity often seen with gastro-causing norovirus, which also spreads along that pathway.

More than 600 Covid-19 infections were confirmed among passengers and crew aboard the Diamond Princess, the ship quarantined for two weeks in Yokohama, Japan.

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