A man pushes a man on wheelchair past a propaganda banner on a wall in a hutong, following an outbreak of the novel coronavirus in the country, in Beijing, China February 11, 2020. The Chinese characters on the banner read, “Strengthen self-protection, do not panic, believe in science, do not spread rumours”.
Tingshu Wang | Reuters
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Total confirmed cases: More than 60,300
Total deaths: At least 1,369
8:59 am: HSBC cuts China economic growth forecast on coronavirus impact
HSBC said it’s lowered its first-quarter forecast for mainland China’s economic growth to 4.1% year-on-year from 5.8% due to the fallout from coronavirus. The bank also cut its China full-year growth forecast to 5.3% from 5.8%, adding the impact was already starting to be felt in tourism, trade, supply chains and elsewhere. HSBC lowered its full-year estimate for global growth to 2.3% from 2.5%, adding it expected the brunt of the impact in the first quarter, with some improvement as the year progresses. — Reuters
7:58 am: NYC small business chief: Chinatown hit hard because of fears over coronavirus
Small businesses located in New York’s Chinatown are losing customers over unsubstantiated fears of coronavirus, the city’s small business chief told CNBC’s “Squawk Box.” “Business owners are telling us revenues are down 40% in Chinatown,” said Gregg Bishop, commissioner of the Department of Small Business Services. “And it’s unfounded.” The city on Wednesday confirmed that the seven people suspected of having the virus in the city tested negative. –Bursztynsky
7:02 am: Princess Cruises says passengers can leave ship for quarantine in Japan as cases climb by 44
Japanese health officials are planning to move guests aboard a Princess Cruises ship to quarantine facilities in Japan as they confirm an additional 44 cases aboard the ship, the company said. Princess Cruises was told the “most medically vulnerable” guests will move in the first phase, including older adults with preexisting conditions. Japanese health officials will test guests before they disembark and transfer them to local hospitals if they are positive. Guests who are otherwise healthy will be transferred to a quarantine facility or can remain on board through the end of the quarantine period, the company said. The 44 new cases aboard the ship bring the total number of confirmed COVID-19 infections to almost 220, making it the single biggest concentration of cases outside of China. — Kopecki
6:03 pm: Chinese smartphone maker Xiaomi warns of first-quarter smartphone hit
The chief executive of smartphone maker Xiaomi said the the disruption caused by the coronavirus outbreak could impact first-quarter sales, but CEO Lei Jun said Thursday he believes demand will bounce back in the second and third quarters. “Due to the outbreak of (the) virus, this year’s first-quarter smartphone sales will face an impact, but we believe that in the second and third quarters they will strike back. Overall, the impact might not be that serious,” the CEO said, according to a translation of his comments from the company provided to CNBC’s Arjun Kharpal.
5:48 pm: Japan will spend 10.3 billion yen ($93.9 million) to fight the coronavirus, Abe says
Japanese Prime Minister Shinzo Abe said Thursday the Cabinet will decide on Friday to spend 10.3 billion yen from the country’s budget to respond to the coronavirus, Reuters reported. Steps to tackle the outbreak will total 15.3 billion yen, he added after a task force meeting.
5:26 pm: Travel slump spreads from China to Asia-Pacific region, data shows
The coronavirus is causing travel demand to slump across the whole Asia-Pacific region, according to data released by travel analytics firm ForwardKeys on Thursday, with the region seeing a 10.5% slowdown in outbound travel bookings for March and April, excluding trips to and from China and Hong Kong. As of Feb. 9, the setback looks likely to be most marked in northeast Asia, where outbound bookings for March and April are 17.1% behind where they were at the same time last year.
Read CNBC’s coverage from CNBC’s Asia-Pacific team overnight here: China confirms 15,152 new cases, 254 additional deaths