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China extends holiday, businesses shut as virus toll rises to 81

In this Sunday, Jan. 26, 2020 photo, ambulance crew members in protective gear wait for a patient outside an apartment block in Wuhan in central China's Hubei Province. A new viral illness being watched with a wary eye around the globe accelerated its spread in China on Sunday with 56 deaths so far, while the U.S. Consulate in the city at the epicenter announced it will evacuate its personnel and some private citizens aboard a charter flight. (Chinatopix via AP)

By Administrator_India,

Capital Sands

The death toll from a coronavirus outbreak in China rose to 81 on Monday, as the government extended the Lunar New Year holiday and more big businesses shut down or told staff to work from home in an effort to curb the spread.

Chinese Premier Li Keqiang visited the central city of Wuhan, the epicenter of the outbreak, as the government sought to signal it was responding seriously.

But Asian shares tumbled, with Japan’s Nikkei average sliding 2.0%, its biggest one-day fall in five months, as investors grew increasingly anxious. Demand spiked for safe-haven assets such as the Japanese yen and Treasury notes.

The total number of confirmed cases in China rose about 30% to 2,744, with about half in Hubei province, whose capital is Wuhan.

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