COVID-19 has now infected 75,698 people worldwide, 2,124 of which have died. The outbreak remains centered in China with 74,516 cases, 62,031 of them in Hubei province. The virus has spread further afield since the last update. There is a growing case load in Singapore (84 confirmed infections), Japan (92, not including the 634 cases on the Diamond Princess), South Korea (104), Thailand (35), Malaysia (22), Germany (16), and the United States (15). Iran reported its first cases and deaths earlier this week, with new cases announced today. Most recently, the South Korean authorities are now scrambling to deal with a ‘super spreader’ event in the city of Daegu.

Central banks and governments are new unveiling stimulus measures ahead of an expected downturn; corporate statements outlining sales revisions and factory closures are starting to pile up. Yet the market reaction to the outbreak remains muted, as investors continue to view COVID-19 as a storm that will soon pass.

Here are the companies, industries, and markets that are being disrupted by the COVID-19 outbreak:

• Apple has warned that COVID-19 will impact production and sales of iPhone in China, causing it to fall short of its revenue target for the quarter. The guidance blamed store closings for low sales and noted that even the stores that remained opened on reduced hours saw significantly fewer customers than normal. On the production end, one estimate by Ming-Chi Kuo of TF International Securities put the shipment reduction at 10%. The news helped contribute to a 165-point drop in the Dow on Tuesday.
• Financial Times has run a piece highlighting bankruptcy risks in the US oil patch. Lower Chinese demand and growing global oversupply have combined to depress oil prices by around 15% since January, hitting the bottom line of US shale producers, many of which are already operating with high levels of debt. (A situation report from last week examines the fiscal pressures facing other oil exporters). In all, some $86 billion worth of debt will be coming due within the next four years.