Now it’s getting scary.
The coronavirus that emanated from the city of Wuhan in China’s Hubei province has been linked to 350 deaths as of Monday morning in Asia, with another 2,103 cases detected in province, bringing the number of infections to 11,177 in China according to state television.
Most cases have been reported in the city of Wuhan, which is where 265 people perished from the disease.
At least another 171 cases have been reported in more than two dozen other countries and regions, including the United States, Japan, Thailand, Hong Kong and Britain.
The rising toll comes after the first death from the newly identified flu-like virus outside of China was reported on Sunday, that of a 44-year-old Chinese man who died in the Philippines after traveling there from Wuhan.
The epicenter of the disease in China has been under virtual quarantine, with roads sealed off and public transport shut down. Elsewhere, China has placed growing restrictions on travel and business.
As most of China prepares to return to work as the Lunar New Year comes to an end, Hubei Province has extended its holiday break to Feb. 13 in a bid to contain the outbreak.
Chinese markets reopen on Monday when onshore trade in stocks, bonds, yuan and commodities resumes following the break and a steep global selldown on fears about the spread of a new virus.
Looking to head off a panic, China’s central bank plans to inject 1.2 trillion yuan ($173.8 billion) of liquidity into the markets via reverse repo operations on Monday.
Chinese oil demand is expected to fall 20% during the shutdown as investors worry that Chinese factories won’t open as scheduled after the holiday.