Iran's health minister says authorities will begin manning checkpoints to limit travel between major cities amid the virus outbreak, the Associated Press reported.
Singapore has confirmed 112 cases of the coronavirus disease, of which 79 have been discharged from hospitals, according to the country's Ministry of Health.
The Dow Jones Industrial Average soared more than 1,000 points overnight stateside, while the International Monetary Fund also announced a $50 billion aid package on Wednesday to combat the impact of the coronavirus.
The coronavirus has taken a toll on Thailand's tourism sector, which accounts for a significant proportion of the country's economy. In a note from dated Feb. 17, analysts at Fitch Solutions said tourism receipts "account for 13-14% of Thailand'seconomy and the sector provides around one-in-six jobs."
Friday prayers in Iran have been canceled across all provincial capitals amid the country's growing coronavirus outbreak, state television said, according to an AP report.
There's not much monetary policy can do to save the global economy — especially when some major central banks have already cut interest rates into the negative territory, economists say.
The Fed cut rates by half a percentage point two weeks ahead of its scheduled meeting, due to the "evolving risks to economic activity" posed by the coronavirus.
Demand for hand sanitizer is surging around the globe as the new coronavirus spreads, prompting retailers to ration supplies and online vendors to hike prices.
World Health Organization officials are holding a press conference Tuesday to update the public on the coronavirus outbreak, which has infected more than 91,300 people and killed at least 3,110 across the world.
The Trump administration on Monday said it is imposing a cap on "the number of Chinese citizens permitted to work" for China's major state-run media companies "at any given time."
Britain's government unveiled its plans to tackle the spread of the virus Tuesday, warning that up to a fifth of the workforce could be off sick during a peak period.
Read the latest stock market news and analysis on Asia Pacific in regions from Japan, China, Singapore, Australia, to New Zealand. Find business; finance; economy, stocks, and global economy news on CNBC's Asia Pacific page.