Japanese automaker Toyota will keep its plants in China closed until at least February 9 over concerns about a new coronavirus outbreak that has killed more than 130 people. An official said that the World Cup alpine skiing in China has been next month called off.
The death toll in China from the coronavirus has soared to over 130 while nearly 1,500 new cases, have been confirmed. The outbreak of a new virus is rapidly spreading as the official account of known cases jumped 4,515 to 6,000. The novel virus has sent ripples of fear across the world, especially in Asia.
Fears of the spreading virus have already pushed airlines around the world to reduce flights to China and global companies to restrict employee travel to the country, while sectors from mining to luxury goods have been shaken by concerns for global growth in the event of a worst-case pandemic. Shares of companies highly exposed to China’s economy tumbled on Tuesday on rising concern about the impact of global travel bans associated with Coronavirus.
Meanwhile, India on Wednesday gained Beijing’s permission to airlift Indians from Wuhan. A Boeing 747 VT-ESO will leave Mumbai at midnight to airlift 250 Indians.