Nearly 3,000 people have now been infected as the Chinese government extended its Lunar New Year holiday by several days, to Feb. 2, to stem the spread. Many big firms are shuttering their branches nationwide or telling employees to work from home, while Shanghai has ordered all companies apart from supermarkets, utilities and medical suppliers to close until Feb. 10.
What's next? The director-general of the World Health Organization is in Beijing to collect more information, while Asian markets flashed signs of investor concerns and demand for safe-haven assets jumped.
Don't miss OZY's Special Briefing on the outbreak.