U.S. markets fell sharply Thursday after the first coronavirus case in the United States that could not be linked to foreign travel was confirmed.
The rapid spread of the novel coronavirus also raised the specter of a global pandemic as governments ramped up their emergency responses and international financial markets slumped again Thursday, despite signs that the outbreak may be easing in China.
Japan told schools to close through the spring break, which for most students typically means early April. Australia’s leader warned that a pandemic was inevitable, and an Iranian lawmaker said he has tested positive for the virus. New infections and deaths from covid-19, as the disease caused by the coronavirus is known, emerged from the Middle East to Europe and South Korea. The State Department, meanwhile, issued a Level 3 travel advisory for South Korea, portending extended economic disruption in Asia.