S.Korean PM urges efficient hospital bed management amid Covid surge

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Seoul, Nov 19 | South Korean Prime Minister Kim Boo-kyum on Friday called for for efficient hospital bed management as the country continued to witness a rising number of critically ill Covid-19 patients amid no signs of a dip in daily infections.

Kim said the government’s priority will be swiftly adding hospital beds and supporting medical resources needed at hospitals as quickly as possible, reports Yonhap News Agency.

“There are concerns that our journey to return to normalcy may stop for a while if we cannot overcome this crisis,” Kim said during a meeting with chiefs of 22 tertiary hospitals in the Seoul metropolitan area.

“We will improve our hospital bed management system.”

The Prime Minister’s call comes amid rising concerns over critical care bed capacity in the capital area that accounts for about 80 per cent of South Korea’s daily Covid-19 cases.

As of Thursday, 78.2 per cent of intensive care beds in the capital area were in use, with Seoul recording 80.9 per cent.

The number of critically ill patients has been going up, with the latest tally surpassing 500, in recent weeks after the country started its “living with Covid-19” scheme this month with eased social distancing for people’s gradual return to normal life.

Serious patients will be sent to available intensive care beds regardless of whether they are in the capital or non-capital areas, Kim said.

He also asked hospitals to quickly transfer intensive care virus patients to normal recovery rooms when their health condition improves.

Kim earlier said the number of intensive care unit beds in use seems too big compared with the actual number of critically ill virus patients.

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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