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Today, the number of confirmed cases is expected to be around 5,000… New York stock market mixed closing morning briefing

The number of confirmed cases of coronavirus is expected to reach 5,000… Critical patients are still ‘serious’

The fourth wave of the novel coronavirus infection (COVID-19) is expected to break. At 9 pm on the 28th, the number of new COVID-19 cases was tentatively counted at 4,680. As of 00:00 on the 29th, the final number of new confirmed cases is expected to record 5,000. This is expected to strengthen the government’s judgment that the fourth wave has entered the beginning of a decline. On Wednesday, when the weekend effect disappeared for the past three weeks, the number of new confirmed cases surged to 7,000. The number surged from 4953 on the 7th to 7,173 on the 8th, and from 5567 on the 14th to 7849 on the 15th, respectively.

This is interpreted as the effect of a decrease in the national infection reproduction index. The infection reproduction index fell below 1, indicating a decrease in prevalence. The infection reproduction index in the first week of December recorded 0.98 in the fourth week of December from 1.16. In the metropolitan area, the level has decreased to less than 1 in 8 weeks since the implementation of the phased daily recovery (with Corona).

However, the condition of the critically ill patients is still serious. As of 00:00 on the 28th, there were 1,102 cases of severe severe disease, recording a four-digit number on the 8th day. In severe cases, it is necessary to reduce not only the number of confirmed cases but also the number of unvaccinated elderly people. The number of deaths is also on the rise. The current cumulative death toll is 5346. The cumulative number of deaths in the last week was 518, with an average of 74 deaths per day. The fatality rate was 0.87% for the second day.

◆1.44 million confirmed cases worldwide… ‘Maximum’ since the pandemic

The number of new confirmed cases worldwide reached 1.44 million per day, a record high. According to Bloomberg News, the average daily number of new cases per week is 841,000, up 49% from a month ago when Omicron was first identified in South Africa.

Regarding the increase in the number of confirmed cases, Bloomberg explained, “This is due to the fact that the omicron mutation is rapidly becoming the dominant species worldwide, and there have been cases of infection even after being vaccinated against COVID-19.” He also said that although the transmission rate of the Omicron mutation is 70 times faster than that of the existing mutation, there are research results that estimate that the symptoms will not be severe if the additional dose of the COVID-19 vaccine (booster shot) is completed.

According to Bloomberg, “The march toward normalization from this year’s pandemic has been stopped with the advent of Omicron,” and “The virus is spreading more to governments who are reluctant to tighten quarantine regulations such as lockdown orders.” On the 28th, the UK, France, Italy, Greece and Portugal recorded the highest number of daily confirmed cases of COVID-19. As the Omicron pandemic spreads, the increase in new cases is expected to accelerate for the time being.

Fortunately, the analysis is hopeful that the death toll has not increased significantly. The average daily death toll from COVID-19 around the world has hovered around 7,000 since mid-October. As the number of confirmed cases increases, the number of deaths also tends to increase a few weeks later, Bloomberg said, but early data from regions where the omicron mutation has spread shows signs of a ‘decoupling’ between the two.

New York Stock Exchange Closes ‘Honzo’ With Omicron Watching

The New York Stock Exchange closed mixed while watching the spread of the novel coronavirus infection (COVID-19) novel micron mutation. On the 28th (local time), the Dow was tentatively counted at 36,398.67, up 96.29 points (0.27%) from the battlefield.
The Standard & Poor’s (S&P) 500 fell 4.72 points, or 0.10%, to 4786.45, and the Nasdaq fell 89.54 points, or 0.59%, to 15,781.71, respectively.

The market paid attention to the infectious disease situation of the Omicron mutation. As of the previous day, the number of new COVID-19 cases around the world stood at 1.44 million, the highest level since the pandemic. However, despite the rapid spread of the omicron mutation, US health officials relaxed quarantine guidelines, leading to an improvement in investor sentiment. The U.S. Centers for Disease Control and Prevention (CDC) shortened the mandatory quarantine period for people who came in contact with a confirmed case of COVID-19 the day before from 10 days to 5 days if they were asymptomatic. The South African Institute of Health released a study on the same day that Omicron infection could also boost immunity to delta mutations. If the pathogenicity of the omicron is weaker than the delta mutation, it is a diagnosis that the omicron can push the delta mutation.

Pfizer and Moderna closed down 2% and 2.2%, respectively, as concerns over COVID-19 eased despite the spread of Omicron. Nvidia shares also fell more than 2%. By sector, utilities, consumer staples, materials, real estate stocks rose, while tech, telecom, health and energy stocks fell. Experts do not expect the economic impact of Omicron to be significant. “Tensions are being released from automatic reflexes and early reactions to omicron mutations,” said Victoria Fernandez, chief market strategist at Crossmark Global Investments, Global Investments.

◆Overcast nationwide… Rain or snow in the metropolitan area

On Wednesday, the 29th, it is expected that there will be a lot of clouds in most areas of the country, and there will be places with rain or snow mainly in the metropolitan area. From dawn to afternoon, it will rain up to 1 to 3 cm of snow or 1 mm of rain in the metropolitan area, inland and mountainous regions of Gangwon, Chungcheong, and northern Jeollabuk-do. The metropolitan area, Gangwon-do and Gyeongsang areas are expected to gradually clear from night.

The minimum temperature in the morning will be -4 to 4 degrees, and the highest temperature during the day will be 4 to 11 degrees. The temperature is slightly higher than the previous day (-2.5 to 9.4 degrees during the day), and the momentum of the cold wave is expected to break for a while.

In places where it rains, visibility is short and roads are often slippery, so caution is required for traffic accidents and pedestrian safety. On this day, fine dust concentrations will be ‘bad’ in the metropolitan area, Yeongseo, Gangwon, Chungcheong, Honam, Busan, Daegu, and Gyeongbuk, and ‘normal’ in other regions. However, Ulsan, Gyeongnam, and Jeju are expected to have a temporary ‘bad’ level at night.

Eunbit Koh, reporter at Hankyung.com silverlight@hankyung.com

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