FAST FIVE: South Korean Soldier Tests Positive For Coronavirus; China Reports Spike In Cases Outside Wuhan & 118 New Deaths

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Hubei reported another 411 new 'confirmed' cases, along with 115 new deaths, slightly higher than the average from the last few days.

20 CHINA'S HUBEI TOTAL CORONAVIRUS CONFIRMED CASES RISE TO 62,442 CHINA'S HUBEI SAYS 1,451 PATIENTS DISCHARGED FEB.

Though he added that the data coming out of China “appeared to show a decline in new cases.” “Outside China, we have seen a steady drip of new cases, but we have not yet seen sustained local transmission, except in specific circumstances like the Diamond Princess cruise ship,” he added.

And as new confirmed cases dropped substantially on Wednesday in Hubei, everywhere else, the rate of new infections is accelerating.

The spate of deaths rattled investors overnight, and US equity futures are pointing to a lower open on Thursday, and a rush of risk-off trading in Asia has pushed the BBG dollar index to a 4-month high following the latest piece of evidence that the coronavirus isn't simply “another flu”.

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