Concerns Over the Spread of 'Wuhan Pneumonia'... Shanghai Composite Index Closes Down 2.75%
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[Asia Economy Reporter Jeong Hyunjin] On the 23rd, the Shanghai Composite Index closed at 2976.53, down 2.75% from the previous trading day. On this day, Chinese stock prices fell sharply due to the spread of the novel coronavirus infection originating in Wuhan and the lockdown of Wuhan.
The World Health Organization (WHO) is considering declaring the current Wuhan pneumonia outbreak an international emergency, raising concerns about its potential impact on the global economy. WHO only declares an international emergency in cases of serious infectious diseases. Once declared, countries are advised to refrain from trade and travel with the affected country, and an international medical response system is established.
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Earlier, the Wuhan Novel Coronavirus Control and Response Emergency Center announced through state media that from 10 a.m., all public transportation operations within the city would be completely suspended. Not only Wuhan city buses and subways but also long-distance public transportation routes were temporarily halted. Wuhan Airport and train stations were also temporarily closed.
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