Market Weekly: January 19 – 26 2020


US Closes Consulate in Wuhan and evacuates Diplomats in What President Xi warns as a Grave Situation

The U.S. closed its consulate in Wuhan and prepared to extract all its diplomats.Chinese President Xi Jinping warned Saturday of a “grave situation” in the rapid spread of the coronavirus that has claimed 41 lives.

The virus, which broke out in Wuhan last month, has infected more than 1,200 people in 29 provinces and cities and killed 41 people in China, according to the National Health Commission.

Among the latest victims is Liang Wudong, a 62-year-old doctor at Hubei Xinhua Hospital who died Saturday after treating patients in Wuhan, according to the state-run Global Television Network.

A second case in the U.S. was confirmed Friday in Chicago, along with three cases in France. There have been no deaths outside of China.