Coronavirus Triggers Damage Control From Governments, Companies

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India and the Philippines confirm first coronavirus infections, as Russia tightens its border and companies temporarily halt operations in China

India and the Philippines confirm first infections, as companies temporarily halt operations in China and Russia tightens its border

Challenges for travel and leisure stocks, slower economic growth and a weaker Chinese yuan are among the new market implications investors are dealing with as the new coronavirus spreads rapidly. Photo: Bloomberg/Qilai ShenHONG KONG—Government officials and corporate executives around the world are scrambling to limit the damage from the fast-spreading coronavirus as Russia tightened its border with China and the U.S.

In response to the virus, companies including Tesla Inc. and IKEA were forced to temporarily halt operations in China.

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