Chinese tourist city reports cold-chain related Covid outbreak

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New Delhi, Nov 12 | China’s Liaoning province has reported 52 new domestically-transmitted Covid-19 cases and five silent carriers, all in the coastal tourist city Dalian, which has already suspended schools and colleges amid the latest virus surge, The Global Times reported.

The Covid-19 prevention and control authority of Dalian said on Thursday that the city added 11 new medium-risk areas, bringing the total number to 24. Meanwhile, the Dalian government decided to temporarily shut down non-essential public places, and put key places under closed management to minimise gathering activities.

So far, 97 asymptomatic patients, including 80 domestic infections and 17 imported cases are being treated in isolation in designated hospitals in Dalian.

Media reported that all companies involved in importing cold-chain foods have been suspended in Dalian. The first reported case in Dalian’s latest wave since November 4 was a 52-year-old employee working at a cold-chain storage warehouse in Zhuanghe, a city administered by Dalian, The Global Times reported.

Dalian suspended operation of all imported cold-chain food related companies on November 8, according to the office of Dalian cold-chain food epidemic prevention and control leading group.

This is not the first time Dalian reported a cold-chain related outbreak.

In July last year, the outbreak in Dalian was suspected to have originated in the processing workshop of Kaiyang Seafood Company.

In December 2020, the first infected people of the epidemic in Dalian Jinpu New Area were handlers of imported cold-chain food, the report said.

Data showed Dalian shoulders nearly one-third of the storage of cold-chain goods in China. The epidemic in Dalian is likely to impact the circulation of cold-chain food in the domestic market, the report said.

Dalian is the largest port of cold-chain aquatic product imports and an important cold-chain storage and transportation base in China. Nearly 70 per cent of imported cold-chain goods enter China through Dalian port.

There are about 600,000 imported cold-chain related employees in Dalian, and the epidemic prevention and control pressure brought by imported cold-chain is huge.

So far, 14 cold storage employees in Dalian have been infected in the latest surge.

Dalian healthy authority said on Thursday that the outbreak is characterised by clusters of companies, families and schools, with a high viral load, rapid transmission and strong infectivity.

Source: IANS

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Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

On the back of Global Clues and SGX, Nifty opened on a gap down note & continued downside momentum throughout the day and closed the session at 15809.40 level with a loss of 430.90. However, Bank nifty closed the session at 33315.65 level with a loss of 848.05 points.

India VIX closed at 24.56 up by 10.13% which is a sign of more volatility in upcoming sessions.47 stocks out of NIFTY 50 closed in RED which suggest broad based selling. All the sectoral indices were ended in the red with metal, IT indices down 4-5 percent.

Despite one way fall, Stocks like ITC, DRREDDY, POWERGRID were the top gainers, While WIPRO, HCLTECH, INFY, TCS & TECHM were prime losers. On a daily chart, Nifty has formed a Bearish candle which indicates downside momentum for an upcoming session. Moreover, Nifty is showing support from horizontal line i.e., 15750 levels which is make or break level. In addition, Nifty has been sustained above the 21-Monthly Moving Average which indicates a bounce back from lower levels can be seen.

However, the momentum indicators MACD & Stochastic were trading with a negative crossover & trading in oversold zone which is a sign of sideways to negative trend in Nifty. The Nifty may find Strong support around 15700 levels, breaching below it can show more downside till 15500 levels while on the upside 16000 may act as an immediate hurdle. On the other hand, Bank nifty has support at 32800 levels while resistance at 34500 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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