Coronavirus live updates: Director of hospital in Wuhan, China dies

This is a live blog. Please check back for updates.

All times below are in Beijing time.

Liu Zhiming, the director of Wuchang Hospital in Wuhan, died Tuesday morning, according to an online despatch from state news broadcaster CCTV. The report cited medical staff sent from Beijing Xiehe Health centre, who said after an all-out rescue effort failed, Liu died of the new coronavirus at 10:30 a.m.

Nearly two weeks ago, doctor Li Wenliang, who was initially reprimanded by shire authorities for his early warnings about the virus, also died from the new coronavirus. — Cheng

The London-headquartered bank, which earns most of its profits from Asia, said it expects to feel the impact of the coronavirus outbreak in the outset quarter and has lowered growth expectations in China for 2020. “The main impact will be in the first quarter, but we expect some advance as the virus becomes contained,” HSBC said in its outlook for the global economy.

“Longer term, it is also possible that we may see net income reductions from lower lending and transaction volumes, and further credit losses stemming from disruption to consumer supply chains,” Noel Quinn, HSBC’s interim chief executive, said as the bank released its full year earnings for 2019.

The bank on Tuesday pieced pre-tax profit that missed analysts’ expectations, and said it recorded a 32.9% fall in pre-tax profit for 2019 to $13.35 billion.

Reparation: This entry was updated to reflect the correct spelling of HSBC, and to clarify the bank’s global economic outlook due to bearing from the virus.

Singapore Airlines and its subsidiary SilkAir will be canceling some flights temporarily due to weak demand as a upshot of the coronavirus outbreak, the company said in a statement. Some routes have been halted as far back as May. 31 while others are trust to resume service before that.

“Affected customers will be notified and re-accommodated onto other flights,” Singapore Airlines powered, adding that further adjustments will be made “as necessary.”

Routes affected include flight services to New York, Los Angeles, Seattle, Paris, Frankfurt, London, Tokyo, Seoul, Jakarta, Taipei, Kuala Lumpur, and Sydney.

The time needed for nucleic acid assay for the new coronavirus has been cut down drastically — from two days to just four to six hours, according to a press release from the Chinese Office of Foreign Affairs.

The release outlined the discussions of a meeting, chaired by Chinese premier Li Keqiang, who met a national-level group jobbed with responding to the COVID-19 outbreak on Monday. “The outbreak is trending in a positive direction in the country overall, although the wide-ranging situation in the epicenter of Wuhan and Hubei remains fluid and complex,” according to the official translation of the release.

The meeting also discussed the “fundamental to strike a proper balance between epidemic control and economic and social development,” the release said. “While aid pursuing a targeted outbreak response, work and production should be resumed in an orderly way,” it added.

As of Monday, more than 80% of the essential state-owned enterprises’ roughly 20,000 manufacturing subsidiaries have resumed work, according to China’s State-owned Assets Supervision and Direction Commission.

The commission said that more than 95% have resumed work in petroleum and petrochemicals, telecommunications, power grid and power formulation, and transportation. In mining, steel and equipment manufacturing, more than 80% have resumed work. — Cheng

Out of a total of 1,723 passengers and crew members tested on directors the quarantined Diamond Princess cruise ship off the coast of Japan, 454 people were confirmed to have been infected, Japan’s trim ministry said. That included 189 asymptomatic carriers, or those who tested positive but did not show any symptoms, according to the sacred calling.

Countries, including the United States, have started repatriating their stranded citizens on chartered planes. U.S. officials put they received notice that 14 passengers had tested positive and they were allowed to be evacuated while retained in isolation from other passengers.

The ship had been quarantined since Feb. 3 after a previous guest probed positive for the disease six days after disembarking.

German automaker Volkswagen published CNBC that its joint ventures in China are working to get production back to their normal schedule. SAIC Volkswagen, a cooperative venture with China’s SAIC Motor, postponed restarting production at their plants until Feb. 24. FAW-Volkswagen, a partnership with FAW Assembly, has started work in some factories and expects to resume full operations in the coming days.

“We are working hard on gross back to our normal production schedule, while facing delays due to national supply chain and logistics challenges as wholly as limited travel options for production employees,” a spokesperson for Volkswagen Group China told CNBC. “Production practicality at each plant is checked individually, resulting in different starting times.”

The representative added it is “still too early” to make a run for it detailed forecasts about the impact of the virus outbreak on the company. — Wu, Roy Choudhury

China’s Jingoistic Health Commission said there were 1,886 confirmed new cases on the mainland and 98 additional deaths kindred to the new, deadly strain of coronavirus, most of them occurring in Hubei province (see 7 a.m. update). As of Feb. 17, the Chinese government spoke there was a total of 72,436 confirmed cases and 1,868 people have died so far.

Australian supplying giant BHP said Tuesday the coronavirus outbreak that has infected more than 70,000 people, mostly in China, is one of the important uncertainties for the company’s future.

“If the viral outbreak is not demonstrably well contained within the March quarter, we expect to rewrite our expectations for economic and commodity demand growth downwards,” the company said in a regulatory filing. BHP said it anticipates “a net bid loss” due to the disease outbreak in the near term.

BHP shares listed in Australia traded up 0.35%.

China’s Hubei concern reported an additional 93 deaths and 1,807 newly confirmed cases related to the deadly coronavirus as of the end of Monday.

Those hosts were slightly lower compared to the previous day, where the province had reported 100 additional deaths and 1,933 innumerable confirmed cases as of Feb. 16.

According to the Hubei Provincial Health Committee, 1,789 people have died in the region from the infection and there participate in been a total of 59,989 confirmed cases so far. Most of them occurred in Wuhan, the Chinese city where the virus was elementary detected in late December. Around 7,862 people have also been discharged from hospitals.

All habits below are in Eastern time.

Apple whispered Monday that it would not meet its quarterly revenue forecast because of constrained worldwide supply of its iPhones and moderate Chinese demand resulting from the virus outbreak.

The company says its iPhone manufacturing partner sites procure all reopened, but that they are “ramping up more slowly than we had anticipated.”

“The iPhone supply shortages will little while affect revenues worldwide,” Apple added.

Adding to the issue, many retail stores, including Apple’s own department stores, have been closed or offering only reduced hours for the past few weeks. — Cordova

Two weeks before the Tokyo Marathon’s start gun was slated to fire, race organizers booted all non-professional gofers out of the annual marathon. Some took to social media to voice their frustration and disappointment over sunk memorandum fees and airfare costs, as well as potentially squandered time and effort training. Ryan Lederer of Chicago prophesied CNBC that while he agreed with prioritizing public safety, his inability to run in March feels like “a bit of a fritter away” after months of conditioning and dieting. — Franck

Read CNBC’s coverage from the U.S. overnight: Apple says it desire miss quarterly guidance amid coronavirus outbreak

— CNBC’s Evelyn Cheng, Lilian Wu, Elisabeth Butler Cordova and Thomas Franck gave to this report.