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China says death toll hits 722

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A Chinese woman wears a protective mask as she walks in a nearly empty and shuttered commercial street on February 7, 2020 in Beijing, China.

Kevin Frayer | Getty Images

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

All times below are in Beijing time.

8:30 am: Lockheed Martin drops out of Singapore Airshow

Reuters reported that U.S. defense firm Lockheed Martin said it will not attend the Singapore Airshow, citing the city-state’s recently raised health alert.

On Friday, Singapore’s authorities raised its virus alert level to orange, up from yellow, as new cases show the deadly pneumonia-like virus spreading. It is the same alert level as the one declared during the SARS outbreak of 2003. It is one below the highest alert level of red, which would indicate the virus is spreading widely. —Wang and Meredith with Reuters

8:20 am: China reports 86 additional deaths and 3,399 new confirmed cases

China’s National Health Commission said there were an additional 86 deaths and 3,399 new confirmed cases in the country as of the end of Friday. That brings the total cases in mainland China to 34,546 as the death toll rises to 722, the government said. —Wang

6:30 am: Pace of new cases in China’s Hubei picks up again

The number of deaths in China’s central Hubei province from a coronavirus outbreak had risen by 81 to 699, the province’s health commission said in a statement on its website. There had been a further 2,841 cases detected in Hubei, the epicenter of the outbreak, taking the total in the province to 24,953. The World Health Organization earlier said it was encouraged by a slowing pace of new cases over the past two days, however, this latest data reverses that trend. —Cheddar Berk with Reuters

All times below are in Eastern time.

5:24 pm: Yardeni says epidemic could trigger market correction

Yardeni Research President Edward Yardeni said the U.S. economy was showing signs of improvement before the deadly pneumonia-like virus started making headlines. The longer this situation persists the more likely the event could weigh on stocks, possibly sparking a correction, Yardeni said. He said he would keep new cash on the sidelines until there is more clarity around the spread of the illness. The Dow Jones Industrial Average closed 277.26 points lower, or nearly 1%, to 29,102.51. The S&P 500 dipped 0.5% to 3,327.71. The Nasdaq Composite also slid 0.5% to close at 9,520.51. Those losses snapped a four-day winning streak for the major average. —Cheddar Berk, Imbert

4:51 pm: Norwegian Cruises bans Chinese-passport holders, passengers who traveled to China within 30 days



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