CNBC Asia

"What's happening right now (is) we're starting to price in the reduction in earnings for 2020 and the possibility now of a recession," said Anthony Scaramucci, founder and co-managing partner of Skybridge Capital.

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New York City Mayor Bill de Blasio is holding a press conference to update the public on the coronavirus outbreak that has infected at least 300 people in the city.

Tedros didn't single out any one country, but state and local leaders in the U.S. have criticized the Trump administration and CDC for limiting who could get tested in the U.S.

The virus has now spread throughout the U.S., infecting more than 3,000 people and killing at least 69.

Stocks in Australia led loses among major markets in Asia Pacific on Monday, with the S&P/ASX 200 down 9.7% by the close. That was its largest daily drop, according to Reuters.

The U.S. Federal Reserve on Sunday announced a suite of measures aimed at cushioning the U.S. economy from the virus outbreak, including lowering benchmark interest rates to zero.

Stock futures tanked in overnight trading on Sunday, triggering "limit down" levels to reduce panic in markets.

American Airlines will be cutting its international schedule by 75% on-year from Mar. 16 to May 6, and reducing domestic capacity by 20% in April.

Life in Europe's major economies is grinding to a halt as the deadly coronavirus spreads.

As of Friday, more than 144,833 cases of coronavirus have been reported, resulting in at least 5,398 deaths.

Apple will be closing its stores outside Greater China until Mar. 27 but its online stores will still be open, Tim Cook said in a tweet.

New York Gov. Andrew Cuomo plans to update the public on the COVID-19 outbreak.

The CDC recommends that people over 60 and anyone with chronic medical conditions stock up on goods and buckle down for a lengthy stay home.

Researchers from Johns Hopkins found that 97.5% of people infected with the new coronavirus will show symptoms within 12 days of catching the virus. That's in line with current CDC recommendations that call for patients to remain in isolation for 14 days after potential exposure.

"In the days and weeks ahead, we expect to see the number of cases, the number of deaths and the number of affected countries to climb even higher," WHO Director-General Dr. Tedros Adhanom Ghebreyesus said Wednesday.

President Donald Trump said Friday that coronavirus testing in the U.S. would soon take place on a "very large scale basis."

Circuit breakers were triggered in many Asian exchanges, including India, Japan, South Korea, Indonesia, Thailand and the Philippines.

In Australia, shares recovered from earlier losses and rebounded sharply, with the S&P/ASX 200 closing 4.42% higher at 5,539.30 — after falling more than 8% at one point during the session.

As of Thursday, more than 127,749 cases of coronavirus have been reported, resulting in at least 4,717 deaths.