(23 Jan 2020) Investors have their eye on an international effort by health authorities to monitor and contain a deadly virus outbreak in China that has spread to the U.S. and three other countries.
China and other nations ramped up screenings for fever on aircraft and at airports. The measures appeared to provide some reassurance to Wall Street a day after financial markets sold off over fears that the outbreak in the world's second-largest economy could spread, hurting tourism and ultimately economic growth and corporate profits.
"'Health care is one of the greatest priorities for China over the next 10 to 15 years," said communications adviser and former journalist Phillip Yin. "'How they treat this potential outbreak in Wuhan, is going to be critical to what the how the outside world sees China and how they handle these crises."
The coronavirus has been confirmed in five countries, including China, the U.S., Thailand, Japan and South Korea. As of Wednesday, more than 500 people were confirmed infected with the virus and 17 had died from the illness, which can cause pneumonia and other severe respiratory symptoms.
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