Coronavirus live updates: stock markets plunge on global recession fears

With cases spiking sharply across Europe and emergency measures in place from California to Saudi Arabia, investors have sent shares tumbling. Follow all the developments live.

11.20pm GMT

In Sydney, Australia, Channel Nine is reporting that two Year 10 pupils at St Patrick’s Dundas in Sydney have tested positive for coronavirus.

We’ll have more on this shortly.

BREAKING: A boy and a girl in Year 10 at St Patrick’s Dundas have tested positive for Coronavirus. School working with NSW Health to figure out next steps. @9NewsAUS #CoronavirusOutbreak https://t.co/3IFpjKJpaI

11.17pm GMT

Global financial markets face a torrid day on Monday after the virus continued to threaten to spark a worldwide recession.

Australia has kicked off the day’s trading and the benchmark ASX200 down by 4.2% on Monday morning. The Nikkei in Tokyo opens in less than an hour with futures trade pointing to a 4.5% fall.

Brent crude oil futures have also plummeted to just over $33 after the Saudi decision to pump more oil at the weekend.

https://twitter.com/DavidInglesTV/status/1236788833733062656

This is proper March madness. S&P futures fall over 120 points early Monday in Asia. pic.twitter.com/cFpFXK95tl

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Coronavirus: quarter of Italy’s population put in quarantine as virus reaches Washington DC

Giuseppe Conte signs decree early on Sunday after 1,200 cases confirmed in 24 hours

Italy has formally locked down more than a quarter of its population in a bid to stop the spread of the novel coronavirus, as the outbreak reached Washington DC and a political convention attended by Donald Trump and Mike Pence.

More than 5,800 cases of Covid-19 have been confirmed in Italy, after an alarming increase of more than 1,200 in a single 24-hour period. Two hundred and thirty-three people have died. Almost 100 countries are now responding to outbreaks.

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China activist who called Xi clueless on coronavirus faces years in jail for ‘subversion’

Xu Zhiyong is being held in secret detention and has been denied access to a lawyer, say friends

A prominent Chinese activist detained for criticising President Xi Jinping’s handling of the coronavirus outbreak is being held on a state security charge that carry a maximum sentence of 15 years in jail, his friends said on Sunday.

Xu Zhiyong, a former law lecturer and founder of the social campaign New Citizens Movement, was taken away by police on 15 February during a fresh crackdown on freedom of speech precipitated by the coronavirus crisis.

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Coronavirus live updates: Australia traces patients treated by sick doctor as US cruise ship cases rise

Mike Pence advises elderly to avoid cruise ship journeys; global infections pass 100,000; Australian minister ‘flabbergasted’ after sick doctor turns up for work. Follow live news.

2.28am GMT

Argentina has eight confirmed cases of coronavirus, all brought by people who had recently been in Europe, the Health Ministry said on Friday, adding uncertainty to an economy already slammed by recession, high inflation and unsustainable debt.

2.21am GMT

In the US, Reuters reports that the United States is considering ways to discourage U.S. travellers from taking cruises, as part of a broader Trump administration effort to limit the spread of coronavirus, according to four officials familiar with the situation.

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British man who caught Covid-19 in Wuhan says he was ‘unable to breathe’ – video

British man Connor Reed caught Covid-19 while working in the Chinese city of Wuhan, the centre of the coronavirus outbreak. The 25-year-old said the disease started with a common cold before progressing to pneumonia, where it got so bad he was waking up at night unable to breathe. He warned people living in the UK who might have symptoms to get checked out and to try stay at home as much as possible

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