Shanghai/Beijing - China reported a decrease in the number of new deaths and new cases of the coronavirus on Saturday, while its central bank predicted a limited short-term economic impact and said the country was confident in winning the fight against the epidemic.
Mainland China had 397 new confirmed cases of coronavirus infections on Friday, down from 889 a day earlier, the national health authority said. But the number of infections continued to rise elsewhere, with outbreaks worsening in South Korea, Italy and Iran and Lebanon. The World Health Organisation warned that the window of opportunity to contain the international spread was closing.
Concerns about the virus weighed on U.S. stocks and the Nasdaq had its worst daily percentage decline in about three weeks on Friday, driven by an earlier spike in new cases and data showing stalling U.S. business activity in February. South Korea reported another spike in infections with 142 confirmed cases on Saturday, taking its tally to 346, about half related to those who attended a church service in Daegu. Cases in one hospital jumped from 16 to 108 overnight.
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