China has suspended access to an industrial zone in the Central city of Zhengzhou after the city reported 64 COVID cases and workers who assemble Apple’s iPhone fled the factory to avoid restrictions.
China has suspended access to an industrial zone in the Central city of Zhengzhou after the city reported 64 COVID cases and workers who assemble Apple’s AAPL, -3.73% iPhone fled the factory to avoid restrictions, the Associated Press reported.
Meanwhile, the government of Macao announced the southern Chinese territory it will test its 700,000 people on Friday and Saturday. The government said the mass testing is a precaution after an earlier round on Tuesday found no cases. The daily average for new cases stood at 38,627 on Tuesday, according to a New York Times tracker, up 2% versus two weeks ago. But test positivity is edging up which suggests cases could start rising soon.
The current outbreak of respiratory syncytial virus, or RSV, is also alarming health experts as hospitals around the country are filling with small children who are getting a severe version of the seasonal infection. Doctors believe the spike is due to the fact that children were insulated from seasonal illnesses by social distancing and face mask-wearing during the pandemic and have not been exposed to them.
Coronavirus Update: MarketWatch’s daily roundup has been curating and reporting all the latest developments every weekday since the coronavirus pandemic began• Chinese COVID restrictions showed up in several earnings reports from U.S. companies on Wednesday, including cosmetics company Estee Lauder EL, -8.13%, which offered soft guidance that it blamed on pressure from China, sending its stock down 6%. Canada Goose GOOS, -9.
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