Chinese President Xi Jinping is expected to visit healthcare workers, PLA troops, police officers, frontline officials, volunteers, patients and residents during his visit to Wuhan today, which was just announced
From CNN Business' Clare Duffy in New York
Markets in Asia Pacific are mostly edging higher and US stock futures are jumping after novel coronavirus fears and an oil price warAustralia's benchmark S&P/ASX 200 is up 1.6%, recovering from earlier losses that briefly sent the index into bear market territory. It's now trading nearly 19% below its most recent high, just under the 20% that defines a bear market.
South Korea's Kospi was last up 0.3%, while Hong Kong's Hang Seng Index was 0.6% higher. China's Shanghai Composite was flat, though in negative territory. Japan's Nikkei 225 was the region's worst performer, though was last only down 0.5%. The government there is expected to soon announce more emergency measures to contain the spread of the virus. Japanese companies are also feeling the pain from the toll the virus took on China last month: Nissan's vehicle sales in China dropped 80% in February compared to a year earlier.
US stock futures, meanwhile, are recovering after Monday's historic declines. After initially falling after hours, Dow futures shot up 550 points, or 2.4%, after President Donald Trump said he wouldamid a roiling coronavirus pandemic that's caused deep economic concerns and stock market shock. The Dow had ended the day with its biggest point drop in history, closing Monday down 2,014 points, or 7.8% -- its worst day since the 2008 financial crisis.
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