Stocks in Asia Pacific saw sharp drops on Monday as fears over the economic impact of the global coronavirus outbreak continue to weigh heavily on investor sentiment.
Questions linger over whether to delay, or even cancel, this year's Summer Olympics in Tokyo as the race to contain the fast-spreading coronavirus outbreak continues.
The number of people who have tested positive for the coronavirus, or COVID-19, has crossed 300,000 as the disease continues to spread around the world.
Gov. Andrew Cuomo also said the Army Corps of Engineers will build temporary hospitals, including at the Jacob K. Javits Convention Center in New York City.
The number of people who have died from the coronavirus in Iran has reached 1,556 — a rise of more than 100, Reuters reported. Meanwhile, Australia closed Bondi Beach after crowds flocked to its shores.
New York City accounts for roughly a third of all the coronavirus cases in the nation with 5,151 confirmed infections as of Friday, Mayor Bill de Blasio said.
At Mount Sinai Health System's Morningside hospital in New York City, the number of coronavirus patients at the 500-bed facility doubled in two days this week.
Los Angeles issued a "Safer at Home" emergency order, meaning residents must "immediately limit all movement outside of their homes beyond what is absolutely essential," Mayor Eric Garcetti said.
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