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Coronavirus latest updates: US stocks suffer biggest one-day fall, Australian market dives Coronavirus latest updates: US stocks suffer biggest one-day fall, Australian market dives
(32 minutes later)
Ireland and Netherlands report first cases as US officials monitor thousands getting off domestic flights for symptoms. Follow live newsIreland and Netherlands report first cases as US officials monitor thousands getting off domestic flights for symptoms. Follow live news
From AFP:
After three weeks in quarantine, all passengers from the Diamond Princess cruise ship have been evacuated, the Australian is reporting.
“Princess Cruises can confirm that disembarkation of all guests aboard Diamond Princess is complete,” the company said.
“Specialists from the Princess Care Team and Family Assistance programs remain available to both guests and team members.”
It had been under strict quarantine since early February, when 10 people tested positive.
Crew members will be allowed to return home if they test negative for the virus after two weeks in quarantine in Tokyo.
The Diamond Princess has been a particular flashpoint for the virus, with more than 3,500 passengers on board. The vuris spread among the passengers and more than 700 developed Covid-19, and four died.
A significant number of passengers were allowed to disembark and return to their home countries - many of which then put them in quarantine, suggesting unease with Japan’s handling of the trip. Several of those returned later developed Covid-19.
The National Health Authority has released its infection figures for Thursday.
Of the 327 new confirmed cases of the virus, 318 were in the province of Hubei - the epicentre of the outbreak.
Most of the deaths (41) were also in Hubei, as well as two in Beijing, and one in Xinjiang.
Another 452 suspected cases have been added to China’s reported figures.
In more Donald Trump news, the president called the press pool for an unscheduled event, shortly after the Dow Jones index suffered its biggest points fall in history amid coronavirus fears. The president planned to discuss his “success in empowering members of the African-American community”, and included guests such as conservative commentator Candace Owens and media personalities Diamond and Silk.In more Donald Trump news, the president called the press pool for an unscheduled event, shortly after the Dow Jones index suffered its biggest points fall in history amid coronavirus fears. The president planned to discuss his “success in empowering members of the African-American community”, and included guests such as conservative commentator Candace Owens and media personalities Diamond and Silk.
The event turned into an impromptu press conference, and Trump started to talk about coronavirus.The event turned into an impromptu press conference, and Trump started to talk about coronavirus.
A quick recap on the devastation in financial markets.A quick recap on the devastation in financial markets.
Graeme Wearden reports financial markets have suffered fresh, heavy losses, as the coronavirus crisis escalates - threatening to cause major economic disruption.Graeme Wearden reports financial markets have suffered fresh, heavy losses, as the coronavirus crisis escalates - threatening to cause major economic disruption.
Britain’s FTSE 100 slumped by 3.5%, taking it down more than 10% from its recent peak. The index has lost 8%, or £152bn, this week alone.Britain’s FTSE 100 slumped by 3.5%, taking it down more than 10% from its recent peak. The index has lost 8%, or £152bn, this week alone.
There were similar heavy losses across Europe, where stocks were hit by fresh cases of Covid-19 - including in Italy - and a warning from France’s president that an epidemic could be close.There were similar heavy losses across Europe, where stocks were hit by fresh cases of Covid-19 - including in Italy - and a warning from France’s president that an epidemic could be close.
Wall Street had another turbulent day too, with the Dow suffering its worst points fall ever - down 1,20 points. Further losses are expected on Friday.Wall Street had another turbulent day too, with the Dow suffering its worst points fall ever - down 1,20 points. Further losses are expected on Friday.
Traders are very concerned about the impact of more cases in the US, with California revealing it is tracking 8,400 people.Traders are very concerned about the impact of more cases in the US, with California revealing it is tracking 8,400 people.
Goldman Sachs’s warned that US corporate profit growth could be wiped out is also casting a shadow.... while Bank of America cutting its growth forecasts to an 11-year low.Goldman Sachs’s warned that US corporate profit growth could be wiped out is also casting a shadow.... while Bank of America cutting its growth forecasts to an 11-year low.
There are also fears that the virus could even push the eurozone into recession.There are also fears that the virus could even push the eurozone into recession.
In Australia, Ben Butler reports: Coronavirus fears have driven the Australian market down for the fifth day running, with the benchmark ASX200 index dropping almost 3.2% shortly after the opening bell.In Australia, Ben Butler reports: Coronavirus fears have driven the Australian market down for the fifth day running, with the benchmark ASX200 index dropping almost 3.2% shortly after the opening bell.
Retailer Harvey Norman, which had experienced only very small falls this week, finally succumbed to selling pressure after releasing its half year results this morning.Retailer Harvey Norman, which had experienced only very small falls this week, finally succumbed to selling pressure after releasing its half year results this morning.
Within half an hour of the opening bell its shares tumbled 7.9%, the third biggest fall among ASX200 stocks.Within half an hour of the opening bell its shares tumbled 7.9%, the third biggest fall among ASX200 stocks.
The company blamed “widespread bushfires and associated severe reductions in air quality that affected many communities” that hit franchisees during the peak Christmas shopping season for a 4.1% fall in its profits for the six months to the end of December compared to the same time the previous year.The company blamed “widespread bushfires and associated severe reductions in air quality that affected many communities” that hit franchisees during the peak Christmas shopping season for a 4.1% fall in its profits for the six months to the end of December compared to the same time the previous year.
Buy-now-pay-later company Afterpay, which has been something of a market darling, was the biggest loser in early trade, diving 9.4%.Buy-now-pay-later company Afterpay, which has been something of a market darling, was the biggest loser in early trade, diving 9.4%.
Also plunging were stocks with exposure to the Chinese market or international travel, both of which have been disrupted by the virus crisis.Also plunging were stocks with exposure to the Chinese market or international travel, both of which have been disrupted by the virus crisis.
Online flight booking site Webjet and travel agency Flight Centre both fell more than 4%, national carrier Qantas dropped 3% and Air New Zealand, which is listed on the Australian exchange but is not part of the ASX200 index, was also down 3%.Online flight booking site Webjet and travel agency Flight Centre both fell more than 4%, national carrier Qantas dropped 3% and Air New Zealand, which is listed on the Australian exchange but is not part of the ASX200 index, was also down 3%.
Also punished was Andrew “Twiggy” Forrest’s Fortescue Metals, which exports iron ore to China. Its stock fell almost 5.8%.Also punished was Andrew “Twiggy” Forrest’s Fortescue Metals, which exports iron ore to China. Its stock fell almost 5.8%.
Hello and welcome to the Guardian’s live coverage of the coronavirus outbreak. Catch up on our earlier coverage here.Hello and welcome to the Guardian’s live coverage of the coronavirus outbreak. Catch up on our earlier coverage here.
Before we begin, here’s a summary of the top news lines so far:Before we begin, here’s a summary of the top news lines so far:
The Dow Jones index of leading US shares has suffered its biggest points fall in history amid the coronavirus crisis, closing down 1,190.95 in New York.The Dow Jones index of leading US shares has suffered its biggest points fall in history amid the coronavirus crisis, closing down 1,190.95 in New York.
The Australian market plummeted on opening.The Australian market plummeted on opening.
Ireland and the Netherlands have reported their first cases of the virus.Ireland and the Netherlands have reported their first cases of the virus.
In the US Californian health officials are monitoring 8,400 people for symptoms after their arrival on domestic flights, but they have only an “inadequate” 200 test kits.In the US Californian health officials are monitoring 8,400 people for symptoms after their arrival on domestic flights, but they have only an “inadequate” 200 test kits.
The New York Times reported a US government whistleblower claiming health workers interacted with Americans quarantined for possible exposure to coronavirus without proper medical training or protective gear, then mingled with the general population.The New York Times reported a US government whistleblower claiming health workers interacted with Americans quarantined for possible exposure to coronavirus without proper medical training or protective gear, then mingled with the general population.
There are 38 confirmed cases of coronavirus in France, more than doubling the tally in 24 hours.There are 38 confirmed cases of coronavirus in France, more than doubling the tally in 24 hours.
50 Brits were among 130 guests told they can leave a coronavirus-hit Tenerife hotel.50 Brits were among 130 guests told they can leave a coronavirus-hit Tenerife hotel.
The death toll in Italy has reached 17.The death toll in Italy has reached 17.
Facebook Inc said it would cancel its annual developer conference, F8 2020, amid rising concerns of the coronavirus outbreak.Facebook Inc said it would cancel its annual developer conference, F8 2020, amid rising concerns of the coronavirus outbreak.
MSF has accused Italian authorities of discriminatory action after one of their search and rescue vessels in the Mediterranean was put under quarantine following the disembarkation of 276 passengers who had been rescued at sea.MSF has accused Italian authorities of discriminatory action after one of their search and rescue vessels in the Mediterranean was put under quarantine following the disembarkation of 276 passengers who had been rescued at sea.
Shortly we will be getting China’s daily figures, in the mean time you can read our top stories below.Shortly we will be getting China’s daily figures, in the mean time you can read our top stories below.
Coronavirus fears trigger biggest one-day fall on US stock marketCoronavirus fears trigger biggest one-day fall on US stock market
Mike Pence ‘not up to task’ of leading US coronavirus response, say expertsMike Pence ‘not up to task’ of leading US coronavirus response, say experts
What are super-spreaders and how are they transmitting coronavirus?What are super-spreaders and how are they transmitting coronavirus?
UK schools and offices could close for up to two monthsUK schools and offices could close for up to two months