Coronavirus live updates: Cases top 1.4 million globally

What you need to know

  • Global count: The novel coronavirushas infected more than 1.42 million people and killed over 82,000 worldwide, according to Johns Hopkins University. UScases are nearing 400,000 and the death toll in the country has passed 12,000.
  • Trump reconsiders WHO funding: The President said he is putting a hold on WHO funding for what he says is a “China-centric stance,” but then said he’s only considering the move.
  • Election goes on: Wisconsin is holding its primary as scheduled today despite public health concerns. 
  • UK PM in hospital: Boris Johnson is in intensive care after his virus symptoms worsened.
  • Wuhan lifts lockdown: The Chinese city where the pandemic began is easing restrictions, more than two months after it was sealed off to control the spread. CNN

Stocks Slip After Rally; Aussie Retreats on Rating

Stocks in Asia halted a two-day rally, with investors weighing signs of a slowing rate of coronavirus spread against more fatalities. Oil continued to swing ahead of a key meeting of suppliers.

Australian shares fell more than 1.5%, with losses more modest in Japan and South Korea. S&P 500 futures fluctuated, signaling more volatility to come after the gauge gave up a gain of as much as 3.5% Tuesday to close lower. The Australian dollar slipped after S&P Global Ratings cut the country’s credit-rating outlook to negative from stable. Treasuries were steady after this week’s dip. Bloomberg

Asian shares step back, oil rebounds in volatile trade

Asian stocks stepped back on Wednesday after two sessions of sharp gains as investors turned wary on getting too optimistic about the coronavirus while death tolls were still mounting across the globe. Reuters


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  • Market is still fragile
  • Wait for Prices to break the major resistance before jumping into the market
  • Buy only companies that have good record and good future earnings

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