SHANGHAI (Reuters) – China reported a fourth death from a new coronavirus on Tuesday as the number of cases continued to rise, sending jitters through Asian markets as hundreds of millions of Chinese prepared to travel for the Lunar New Year holiday. A man wearing a mask reads on the subway in Beijing, China January 21, 2020. REUTERS/Tingshu Wang Health authorities around the world stepped up screening and the World Health Organization called an meeting on Wednesday to consider declaring an international health emergency, as China confirmed the virus spread through human contact. Asian shares fell as investors likened the outbreak to the 2002/2003 spread of Severe Acute Respiratory Syndrome (SARS), another coronavirus which broke out in China and killed nearly 800 people in a global pandemic. China’s yuan CNY= was down nearly half a percent and on track for its worst day in a month, while airline and travel stocks fell across the region. “Because of Chinese New Year, millions of people will make a move to their hometown across China which is making the whole situation uncontrollable,” said Margaret Yang, an analyst at brokerage CMC Markets in Singapore, referring to the Chinese holiday period which formally begins on… Read full this story
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