More than 17,000 people have been diagnosed with a new coronavirus since it was identified in December. Here, volunteers in protective suits deliver daily supplies to people who are under self-quarantine at a village in Shandong province, China.More than 17,000 people have been diagnosed with a new coronavirus since it was identified in December. Here, volunteers in protective suits deliver daily supplies to people who are under self-quarantine at a village in Shandong province, China.
In a sign of the economic toll, China's stock markets were pummeled Monday — the first day of trading since the Lunar New Year holiday — with the Shanghai Composite Index falling by nearly 8%. Trading was halted for hundreds of Chinese companies after prices for their stocks dropped by 10% — triggering a mandatory hold.
The U.S. currently has 11 confirmed cases of the the coronavirus, known as 2019-nCoV, with patients reported in California, Massachusetts, Arizona, Illinois and Washington state. And it has imposed new restrictions on people who want to travel from China to the U.S. That policy followed announcements by American Airlines, Delta Air Lines and United Airlines that they would suspend routes between the U.S. and mainland China.
That's an incredibly soft estimate.