Coronavirus Hits Frightening New Heights as Global Markets Panic

A deadly and novel strain of Coronavirus has been spreading forth from its epicenter in China over the course of the last several weeks, and there still appears to be no end in sight.

The illness is believed to have been transferred to humans via a wildlife market in Wuhan, possibly from bats, and at first resembles a nasty respiratory infection.  Soon, patients complain of symptoms more akin to pneumonia before ultimately perishing.

Over 2,400 people have perished from the disease thus far in China, but those number remain somewhat in dispute given the Far East nation’s history of obscuring information that casts them in a poor light.

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Now, as this particular strain of Coronavirus continues to reach into the further corners of the globe, the world is beginning to panic.

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In Italy, authorities set up roadblocks, called off soccer matches and shuttered sites including the famed La Scala opera house. In Iran, the government said 12 people had died nationwide, while five neighboring countries — Iraq, Kuwait, Bahrain, Oman and Afghanistan — reported their first cases of the virus, with those infected all having links to Iran.

Across the world, stock markets and futures dipped on fears of a global slowdown due to the virus spread, with the Dow down more than 800 points in the opening minutes of trading.

The number of people sickened by the coronavirus topped 79,000 globally, and wherever it sprung up, officials rushed to try to contain it.

“The past few weeks has demonstrated just how quickly a new virus can spread around the world and cause widespread fear and disruption,” said the head of the World Health Organization, Tedros Adhanom Ghebreyesus.

Several cases of the virus have been reported in the United States, including several which were purposefully relocated to the continental US despite grave concerns being expressed by the CDC.


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