Coronavirus latest: New York’s Broadway closed all summer

The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan.

Global cases have reached 4,088,848, according to the World Health Organization.

The worldwide death toll has hit 283,153.

To see how the disease has spread, view our virus tracker charts:

(Source photo by AP) 

Here are the latest developments (Tokyo time):

Wednesday, May 13

4:00 a.m. U.S. stocks sell off on concerns over a second wave of coronavirus outbreaks. The Dow Jones Industrial Average falls more than 450 points, or 1.9%, while the S&P 500 declines 2%

3:33 a.m. New York’s Broadway, which took in $1.8 billion in revenue last year, will remain closed until at least Sept. 6, an association of producers and theater operators says.

2:12 a.m. Russia now has the second-most confirmed COVID-19 cases in the world, trailing only the U.S., after 10 straight days of increases of at least 10,000 patients, according to data from Johns Hopkins University’s Coronavirus Resource Center. Russia’s more than 230,000 cases surpass the U.K.’s 227,000, the next-largest national total.

12:33 a.m. Shareholders of Li & Fung, the world’s largest sourcing company, give the green light to a 7.2 billion Hong Kong dollar ($928.9 million) proposal that will allow the founding family to take the company private during the current difficult business environment.

Tuesday, May 12

11:56 p.m. India announces a 20 trillion rupee ($266 billion) economic package, which is 10% of GDP, to help small and midsize enterprises, farmers and others.

10:50 p.m. Russian President Vladimir Putin’s spokesman Dmitry Peskov says he has tested positive for the novel coronavirus and was receiving treatment, Reuters reported, quoting Russian news agencies.

10:20 p.m. Singapore will test all the more than 300,000 residents in housing for migrant workers, which have born the brunt of the country’s coronavirus outbreak, the government says.

9:04 p.m. Zhang Xuezhong, a well-known Chinese constitutional expert and former lawyer, was briefly detained by public safety authorities after releasing a document criticizing the constitutional guarantee of the Chinese Communist Party’s one-party rule, Kyodo reports. Zhang has also recently claimed that China’s government intentionally concealed information about the new coronavirus.

8:06 p.m. India’s Health Minister Harsh Vardhan says the country has built the capacity to conduct 100,000 COVID-19 tests per day, achieving the target much ahead of its deadline of May 31. “Currently, we have 347 government and 137 private labs conducting the tests across India,” he said, pointing out that in February the country had just one such laboratory.

7:46 p.m. The Philippines has reported 264 new infections, down from 292 on Monday, bringing the total to 11,350 with 751 deaths.

Philippine President Rodrigo Duterte speaks to his cabinet on May 11: The government announced the following day that it will partially reopen the economy on May 16.

  © AP

7:19 p.m. The State Bank of Vietnam said that, effective Wednesday, it would cut its refinancing rate to 4.5% from 5% to prop up the country’s economy which has been hit by the coronavirus pandemic, Reuters reported. This is the central bank’s second rate cut in less than two months.

6:35 p.m. Thailand’s cabinet on Tuesday approved a plan to spend 400 billion baht ($12.45 billion) on job creation as a part of 1.9 trillion baht stimulus package, Reuters reported. Up to 26% of the country’s total workforce could lose their jobs due to the coronavirus pandemic, the Thai Chamber of Commerce has estimated.

6:30 p.m. Bangladesh says Tuesday that 11 people died in the past 24 hours from COVID-19, bringing the death toll to 250, according to The Daily Star, one of the country’s English-language newspapers. The total number of people infected has reached 16,607. The South Asian economy is now at risk of seeing millions of its citizens pushed back into poverty due to the outbreak and lockdown.

5:51 p.m. Indonesia’s total number of deaths from the coronavirus infection has passed 1,000. The country on Tuesday reported 484 new infections, double Monday’s count and bringing the archipelago’s total infections to 14,749. It has also reported 16 new fatalities, bringing the total to 1,007, while 3,063 people have recovered.

4:42 p.m. Tokyo confirms 28 new coronavirus cases, marking the third straight day with the number coming in under 30, sources tell Nikkei. The capital registered 15 on Monday and 22 on Sunday.

3:46 p.m. Honda Motor scraps its earnings guidance for this year in a sign of the uncertainty created in the auto industry by the coronavirus crisis. The automaker posted a net profit of 455.7 billion yen for the 12 months to the end of March, down 25.3% from the previous year. Its revenue fell 6% to 14.9 trillion yen.

2:17 p.m. The Philippines will partially reopen its economy, starting May 16. Enhanced community quarantine in Metro Manila and the nearby industrial province of Laguna will be extended until May 31. But the lockdown will be eased to allow activities, such as manufacturing, with 50% staffing. Many provinces outside the capital are under “general” community quarantine, allowing more businesses to reopen with strict physical distancing.

2:15 p.m. India’s coronavirus cases exceed 70,000, with 3,604 new infections reported Tuesday, a decline from the 4,213 cases recorded the previous day. The nationwide tally now stands at 70,756, with 2,293 deaths.

1:48 p.m. Foxconn founder Terry Gou, in a rare public appearance on Tuesday, said the ongoing trade war and pandemic will only accelerate the reshaping of global supply chains. Foxconn’s facilities worldwide are helping local governments by supplying medical resources, such as medical-grade ventilators and masks. Foxconn’s Wisconsin complex has already started making ventilators in collaboration with U.S. company Medtronic. Foxconn’s Taiwanese plants are also making masks that are being requisitioned by the government, Gou said.

1:10 p.m. Toyota Motor says it expects operating profit of 500 billion yen ($4.66 billion) for the year ending in March 2021, which would be a decline of 80% from 2.44 trillion yen in the year ended this past March, citing the impact of the coronavirus pandemic.

1:00 p.m. Malaysia’s industrial production index fell 4.9% from a year earlier, the sharpest decline in nearly a decade as measures to curb the coronavirus severely disrupted activity. The index measures output from the manufacturing, mining and electricity sectors.

12:30 p.m. China’s factory prices fell in April at their sharpest pace in four years, underscoring slumping industrial demand in the world’s second-largest economy as global growth withers on the coronavirus pandemic. The producer price index (PPI) declined 3.1% from the same month last year, according to the the National Bureau of Statistics.

12:25 p.m. Lauded Japanese novelist and perennial Nobel Prize in Literature candidate Haruki Murakami will host a radio special to boost the nation’s spirits amid the continuing coronavirus state of emergency. Murakami, whose breakout novel “Norwegian Wood” was published in 1987, will spin his favorite songs and solicit listener comments during the “Stay Home Special” program, the name being a nod to Tokyo Governor Yuriko Koike’s request for residents to avoid going out for unnecessary and non-urgent purposes.

11:20 a.m. Japan’s health minister says that some hospitals in the country have begun to receive deliveries of remdesivir, a newly approved coronavirus drug made by American company Gilead. While no amounts were disclosed, the Ministry of Health, Labor and Welfare has asked Gilead to supply the drug for about 600 seriously ill patients, according to sources. Japan approved remdesivir for COVID-19 on May 7.

11:00 a.m. South Korea confirms 27 new cases, 21 of which are linked to nightclubs in Seoul’s Itaewon district. Seoul has delayed reopening of schools by one week to May 20 as worries over a second wave increase. The country has had 10,936 confirmed infections and 258 deaths. CJ Cheiljedang, a major food company, said that one employee at its Busan plant was confirmed to have COVID-19 after visiting an Itaewon nightclub on May 2. The company shut down production lines in the facility which makes cooked rice.

10:18 a.m. Sony has decided to extend telecommuting until May 31, meaning the total period of stay-at-home work will exceed two months after beginning in late March. The company had originally aimed to end the measure on May 15.

8:10 a.m. Tesla CEO Elon Musk confirmed Monday that the electric car maker has restarted its California factory, defying local government orders aimed at containing the coronavirus.

7:50 a.m. Brazil recorded 5,632 cases and 396 deaths on Monday, bringing the country total to 168,331 cases and 11,519 deaths on the day.

5:00 a.m. U.S. stocks remain largely flat as investors are torn between the benefits of reopening the economy and concerns about a possible second wave of COVID-19. The Dow Jones Industrial Average closes down 109 points, or 0.5%, while the S&P 500 inches up less than 0.1%.

4:20 a.m. The White House tells staff working in the West Wing, where the daily operations of President Donald Trump’s administration are carried out, to wear masks at all times in the building, according to U.S. media reports. The memo comes after two officials tested positive for the coronavirus last week.

2:06 a.m. The Japanese government starts working with more than 400 domestic companies to bolster production of medical suppliers to reduce their dependence on China.

1:45 a.m. The World Health Organization’s director general has “no mandate” to invite Taiwan to take part in its assembly next week, the body’s lawyer says. Taiwan, with the strong support of the United States, has stepped up its lobbying to be allowed to take part as an observer at next week’s meeting of the WHO’s decision-making body

1:15 a.m. New York Gov. Andrew Cuomo says he expects several regions in the state to be able to begin a phased reopening as soon as this weekend after the stay-at-home order expires Friday.

A worker wipes down a grab rail in the New York City subway system, which is shut down from 1 a.m. to 5 a.m. nightly for disinfection. New York Gov. Andrew Cuomo said May 11 that he expects several regions in the state outside New York City to be able to begin phased reopenings as soon as this weekend.

  © Reuters

Regions meeting criteria in federal guidelines will resume construction and manufacturing operations, along with select retail businesses using only curbside pickup, in phase one. Finance, professional services and other retailers fall into phase two, followed by the hospitality industry. Separately, New York City launches free antibody testing this week with a daily capacity of 5,000.

Monday, May 11

10:38 p.m. China has approached Japan about reviving business travel between the two countries, suggesting it will allow entry to those who test negative for COVID-19 and meet other conditions, Nikkei has learned.

10:30 p.m. U.S. stocks open lower as concerns grew over a second wave of coronavirus infections with the reopening of economies in several countries. The Dow Jones Industrial Average falls 74.87 points, or 0.31%, at the open to 24,256.45. The S&P 500 opens lower by 14.34 points, or 0.49%, at 2,915.46.

6:49 p.m. Tokyo reports 15 new confirmed infections, fewer than the 22 it reported a day earlier and the lowest daily total since a state of emergency was announced on April 7. Tokyo now counts a combined total of 4,883 confirmed cases.

6:26 p.m. Japan’s Mitsubishi UFJ Financial Group will issue a corporate bond in response to the coronavirus pandemic, a first for the country. The financial services behemoth aims to issue a 60 billion yen ($559 million) bond by early June. Funds raised through the bond will be used to help finance small and medium-sized businesses that are struggling amid the outbreak.

6:25 p.m. The Philippines reports 292 new infections, up from 184 yesterday, bringing its aggregate total to 11,086 with 726 deaths.

6:10 p.m. Russia overtakes Italy and the U.K. in coronavirus infections as it now has the third-highest total after a record daily increase of 11,656, announced hours before President Vladimir Putin was to review the country’s lockdown regime. The official tally surged to 221,344, meaning Russia now only trails Spain and the United States.

6:08 p.m. Indonesia reported 233 new infections on Monday, the lowest tally in two weeks after the highest daily spike over the weekend, bringing total confirmed case to 14,265. There have been 991 reported deaths so far, and 2,881 recoveries.

4:50 p.m. China’s monthly auto sales rose for the first time in almost two years as the country eased virus-related curbs and reopened for business. The April sales reached 2.07 million units, up 4.4% from a year earlier, the China Association of Automobile Manufacturers said.

4:30 p.m. Taiwan marks its 29th consecutive day of zero new local cases. Total confirmed cases stand at 440 with seven deaths. The government today said it will allow banquets of up to 250 people, such as for weddings, as long as each table sits only eight and tables are 1.5 meters apart.

3:50 p.m. China reports 31 new confirmed cases over the weekend, of which 22 people contracted the coronavirus inside the country, raising concerns over a second wave in China. Jilin Province, on the border with North Korea, reported 14 cases, and the city of Wuhan, where the coronavirus was originated, reported five.

3:30 p.m. China’s monthly auto sales rose for the first time in almost two years in April, industry data shows, as more customers visited showrooms after authorities loosened coronavirus-related restrictions. April sales hit 2.07 million cars, up 4.4% from a year earlier, according to the China Association of Automobile Manufacturers. This follows a 43% drop in March and a 79% plunge in February.

2:15 p.m. New Zealand businesses including malls, cinemas, cafes and gyms will be allowed to reopen from Thursday as tight restrictions put in place to stop the spread of the coronavirus are further eased on Monday. Prime Minister Jacinda Ardern said, “The upshot is that in 10 days’ time we will have reopened most businesses in New Zealand, and sooner than many other countries around the world.”

2:09 p.m. Thailand reports six cases, up from five the previous day, bringing the country total to 3,015 with 56 deaths. As new cases remain low, the government plans to ease restrictions in Bangkok, with department stores expected to reopen May 16 on a restricted basis.

1:32 p.m. India reports its highest single-day increase with 4,213 new cases, compared with 3,277 on Sunday, bringing the country total to 67,152 with 2,206 deaths. Indian Railways will phase in passenger services from Tuesday with trains from New Delhi to 15 major cities.

Japan’s Mitsubishi Heavy Industries will cut its budget for its new 70-seat Space Jet by half this fiscal year, citing an uncertain outlook for airlines due to the coronavirus pandemic.

1:08 p.m. Mitsubishi Heavy Industries plans to reduce the development budget for its 70-seat Space Jet aircraft for the fiscal year ending March 2021 to about 60 billion yen, half that of the previous year. The decision was prompted by uncertain demand, as the coronavirus pandemic hammers the earnings of airlines.

1:00 p.m. Tokyo stocks hit a two-month high as the benchmark Nikkei gained 1.6% to 20,500 in early afternoon trading, spurred by optimism that Japan’s lockdown will soon be eased.

12:20 p.m. Japan’s professional baseball league, the NPB, and its professional soccer league, J-League, meet jointly with medical experts but fail to agree on a restart of games suspended since March. The experts say it is hard to say when resuming will be safe, given the risk of new outbreaks.

10:33 a.m. South Korea confirms 35 new cases, up from 34 a day ago. Total infections reach 10,909 and 256 deaths as Seoul’s nightclubs become new hotspots of the epidemic.

10:30 a.m. Walt Disney reopens Shanghai Disneyland after a roughly three-month closure, vastly reducing visitors while screening for the virus and requiring masks and social distancing. The company will keep visitors “far below” 24,000 — or 30% of daily capacity — as requested by the government. Tickets for the reopening sold out quickly. Meanwhile, Tokyo Disney Resort remains closed.

A visitor to Shanghai Disney Resort snaps a selfie as the popular amusement park reopens on May 11.

  © Reuters

9:50 a.m. China reports 17 new cases on May 10, up from a day earlier and the highest daily rise since April 28. Seven of the new cases were so-called imported cases in Inner Mongolia involving overseas travellers. Wuhan reported five new locally transmitted cases, marking the highest increase in the city since March 11. Experts in China warn countries that reopen too early will face a second wave.

6:24 a.m. Japan considers lifting the state of emergency declaration in most prefectures this month, although it will keep urging caution in Tokyo and some other areas.

6:22 a.m. China locks down a northeastern city near the North Korean border as new coronavirus cases are found there, leading to concern that a new wave is coming.

4:56 a.m. Sony looks to enhance next-generation robots from avatarin, a startup launched by Japanese carrier ANA Holdings, as interest grows in remote-control machines that can take the place of humans.

4:00 a.m. The long-awaited sale of Air India is put off again, with the government extending by another two months the deadline for submission of preliminary bids to buy a 100% stake in the loss-making national carrier.

1:51 a.m. Japan hopes to test 400,000 people per week for the novel coronavirus, with the health ministry planning to approve the nation’s first antigen test kit for COVID-19 on Wednesday.

Sunday, May 10

7:31 p.m. South Korea reports 34 new infections, the highest since April 9, after a small outbreak emerged around a slew of nightclubs, prompting the authorities to temporary close all nighttime entertainment facilities around the capital.

5:42 p.m. Indonesia reports 387 new coronavirus infections, taking the total to 14,032. The Southeast Asian country also reports 14 more people have died from COVID-19, raising the total to 973.

5:39 p.m. Malaysian health authorities report 67 new coronavirus cases, bringing the cumulative total to 6,656, and no new deaths.

5:26 p.m. The Philippine Health Department confirms 184 new cases, taking the Southeast Asian nation’s total reported infections to 10,794. Fifteen more deaths related to COVID-19 are reported, bringing the toll to 719.

4:09 p.m. Singapore registers 876 new coronavirus infections, its health ministry says, taking the city-state’s total to 23,336.

3:47 p.m. Malaysia extends movement and business curbs by another four weeks to June 9, amid a gradual reopening of economic activity.

2:18 p.m. China’s National Health Commission reports 14 new cases Saturday — the most since April 28 — including the first infection in more than a month in the city of Wuhan, where the coronavirus outbreak was first detected late last year, Reuters reports.

2:00 p.m. South Korean President Moon Jae-in warns of a second coronavirus wave as infections rebound to a one-month high. Moon’s warning comes during a speech in Seoul marking the third anniversary of his inauguration.

1:29 p.m. More than 4 million people worldwide have been infected with the new coronavirus, a tally by Johns Hopkins University indicates. The spread shows no sign of abating as infections spike in Latin America and the Middle East.

11:54 a.m. Australia’s biggest state, home to Sydney, will allow cafes and restaurants, playgrounds and outdoor pools to reopen Friday after extensive testing shows a sharp slowdown in the spread of the coronavirus, the premier of New South Wales says.

6:13 a.m. Electric-car maker Tesla will leave California and move its headquarters to another state “immediately,” CEO Elon Musk says after local health officials refuse to let the company’s factory reopen amid the coronavirus outbreak.

Saturday, May 9

5:01 p.m. Mazda Motor has requested 300 billion yen ($2.8 billion) in financing from Japan’s three megabanks and other institutions as the automaker braces for further fallout from the coronavirus pandemic.

To catch up on earlier developments, see last week’s latest updates.

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