The head of a leading hospital in China's central city of Wuhan, the epicenter of the coronavirus outbreak, died of the disease on Tuesday while South Korea announced an economic emergency and Singapore Airlines slashed flights. Chinese state television said Liu Zhiming, the director of Wuhan Wuchang Hospital, died at 10:30 a.m, the seventh health worker to fall victim.
South Korea President Moon Jae-in said on Tuesday the government should make an all-out effort to cushion the economic impact from China's coronavrius outbreak, boosting expectations of further monetary easing.
Relatives of a seven-year-old girl murdered in Mexico said on Monday the government had failed to protect her despite their pleas, while President Andres Manuel Lopez Obrador appeared to blame the crime on neo-liberal economics. Fatima Cecilia Aldrighett went missing on Feb. 11. Sonia Lopez, Aldrighett's aunt, said the girl could have been found alive if authorities had listened to the family.
Japanese stocks fell to two-week low on Tuesday, dragged down by tech companies after Apple Inc (AAPL) warned it was unlikely to meet its sales target for the March quarter as the coronavirus outbreak hurt production and demand in China.
The Australian and New Zealand dollars were jolted lower on Tuesday as a production warning from Apple (AAPL) highlighted the mounting economic costs of the coronavirus and spooked investors across Asia. The Aussie weakened 0.4% to $0.6687, towards its recent decade trough at $0.6657. The failure on Monday to clear resistance around $0.6733 also likely encouraged technical selling of the currency.
* Apple (AAPL) says will not meet revenue target for Jan-March. * S&P500 futures down 0.3%, mainland China shares lose 0.2% * Australian dollar falls; gold, U.S. bonds gain. * Asian stock markets: https://tmsnrt.rs/2zpUAr4. By Hideyuki Sano.
South Korea President Moon Jae-in said on Tuesday the government should make an all-out effort to boost the economy as it comes under pressure from a coronavirus outbreak. " shouldn't quibble over whether anything is unprecedented or not, rather, we should take every possible measure we can think of on the table to deploy them," Moon said in a cabinet meeting.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. * Tracking the coronavirus https://tmsnrt.rs/3aIRuz7. * Euro draws fire as focus shifts to economic outlook. * Pound slips on worries about relations with EU. * Virus still a worry as traders try to measure impact. By Stanley White.
Gold prices hit a two-week high on
Tuesday as global equities retreated after Apple Inc (AAPL)
flagged a revenue miss amid the coronavirus outbreak, sobering
investor optimism.
* Stocks fall as Apple (AAPL) says to miss Q1 revenue guidance. * Global oil demand could slip 435,000 bpd in Q1 - IEA. * Chinese independent refiners buy cargoes after absence. By Jessica Jaganathan. Oil prices slipped on Tuesday on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand, tracking losses in financial markets.
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