Inventories fell sharply on Wall Street again on rising case numbers. The Dow Jones Industrial Average lost 730 points, or almost 3%.
Globally, China has seen an increase in the number of cases, a day after authorities said they expected an epidemic in Beijing to be brought under control in the near future. The National Health Commission reported 18 new cases in the nation’s capital on Saturday, the most in a week, out of 21 across the country.
South Korea, where a resurgence in the past month threatens to wipe out the country’s previous success, has reported 51 new cases including 35 in the Seoul metropolitan area. Officials concerned about the fragile economy have resisted calls to re-impose relaxed restrictions in April.
Australia has prepared for more imported cases as citizens return home. About 300 people are expected to arrive this weekend from Mumbai, India, and more are expected to come from South America and Indonesia. A state health official said he was preparing for 5-10% of returnees to become infected, based on arrivals from Indonesia to other states.
In Florida, led by Republican Governor Ron DeSantis, the agency that regulates bars acted after the daily number of new confirmed cases approached 9,000, almost doubling the record set two days earlier.
Colleen Corbett, a 30-year-old bartender at two locations in Tampa, said she was disappointed and worried about being unemployed again but that the restrictions are the right decision. Most clients were not wearing masks, she said.