A person wears a protecting masks as he journey bike on the street at Optical Valley on February 16, 2020 in Wuhan, Hubei province, China.
Stringer | Getty Photographs
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All occasions under are in Beijing time.
8:40 am: Volkswagen delays re-opening some China factories
German automaker Volkswagen advised CNBC that its joint ventures in China are working to get manufacturing again to their regular schedule. SAIC Volkswagen, a three way partnership with China’s SAIC Motor, postponed restarting manufacturing at their vegetation till Feb. 24. FAW-Volkswagen, a partnership with FAW Group, has began work in some factories and expects to renew full operations within the coming days.
“We’re working onerous on getting again to our regular manufacturing schedule, whereas going through delays as a result of nationwide provide chain and logistics challenges in addition to restricted journey choices for manufacturing workers,” a spokesperson for Volkswagen Group China advised CNBC. “Manufacturing feasibility at every plant is checked individually, leading to totally different beginning occasions.”
The consultant added it’s “nonetheless too early” to make detailed forecasts concerning the influence of the virus outbreak on the corporate. — Wu, Roy Choudhury
7:58 am: China says whole demise toll from virus outbreak at 1,868 individuals
China’s Nationwide Well being Fee stated there have been 1,886 confirmed new circumstances on the mainland and 98 extra deaths associated to the brand new, lethal pressure of coronavirus, most of them occurring in Hubei province (see 7 a.m. replace). As of Feb. 17, the Chinese language authorities stated there was a complete of 72,436 confirmed circumstances and 1,868 individuals have died to this point.
7:46 am: BHP warns on outlook
Australian mining large BHP stated Tuesday the coronavirus outbreak that has contaminated greater than 70,000 individuals, principally in China, is without doubt one of the main uncertainties for the corporate’s future.
“If the viral outbreak shouldn’t be demonstrably nicely contained throughout the March quarter, we count on to revise our expectations for financial and commodity demand progress downwards,” the corporate stated in a regulatory submitting. BHP stated it anticipates “a web demand loss” because of the illness outbreak within the close to time period.
BHP shares listed in Australia traded up 0.35%.
7:00 am: Hubei province stories 93 extra deaths
China’s Hubei province reported an extra 93 deaths and 1,807 newly confirmed circumstances associated to the lethal coronavirus as of the tip of Monday.
These numbers had been barely decrease in comparison with the day prior to this, the place the province had reported 100 extra deaths and 1,933 extra confirmed circumstances as of Feb. 16.
In keeping with the Hubei Provincial Well being Committee, 1,789 individuals have died within the area from the an infection and there have been a complete of 59,989 confirmed circumstances to this point. Most of them occurred in Wuhan, the Chinese language metropolis the place the virus was first detected in late December. Round 7,862 individuals have additionally been discharged from hospitals.
All occasions under are in Japanese time.
4:30 p.m. Apple says it can miss its quarterly gross sales forecast, blames coronavirus
Apple said Monday that it would not meet its quarterly revenue forecast due to constrained worldwide provide of its iPhones and decrease Chinese language demand ensuing from the virus outbreak.
The corporate says its iPhone manufacturing companion websites have all reopened, however that they’re “ramping up extra slowly than we had anticipated.”
“The iPhone provide shortages will briefly have an effect on revenues worldwide,” Apple added.
Including to the difficulty, many retail shops, together with Apple’s personal retailers, have been closed or providing solely decreased hours for the previous few weeks. — Cordova
2:05 p.m. Runners curse coronavirus as organizers shut the Tokyo Marathon to non-professionals
Two weeks earlier than the Tokyo Marathon’s begin gun was slated to fireplace, race organizers booted all non-professional runners out of the annual marathon. Some took to social media to voice their frustration and disappointment over sunk entry charges and airfare prices, in addition to probably squandered effort and time coaching. Ryan Lederer of Chicago told CNBC that whereas he agreed with prioritizing public security, his lack of ability to run in March appears like “a little bit of a waste” after months of conditioning and weight-reduction plan. — Franck
Learn CNBC’s protection from the U.S. in a single day: Apple says it will miss quarterly guidance amid coronavirus outbreak
— CNBC’s Lilian Wu, Elisabeth Butler Cordova and Thomas Franck contributed to this report.