New Bird Flu Strain Hurts Stock Prices

By Marc Castro

Apr 06, 2013 02:22 PM EDT

A couple of cities in mainland China have stopped the conduct of poultry sales and slaughtered livestock after reports of the H7N9 strain of avian infulenza abound. This is the latest move that Shanghai is undertaken to contain the virus's spread.

Overall, six people have died, with two of the three people who have died come from Hangzhou province. According to a Xinhua News Agency Report, the virus was found in a quail and a cull was commenced shortly thereafter. The other province was Nanjing, where three people have already been diagnosed with over 8,000 birds seized.

When the outbreak was first reported last month, Chinese stocks traded in both New York and Hong Kong fell on fears that the virus would cause an epidemic, hurting the economic efforts of China. The government has said that all sixteen confirmed infections of the new strain are 'isolated' with no signs of human to human transmission.

The six deaths confirmed by authorities were spread between Shanghai with four and two in Hangzhou. The ages of the persons ranged between 27 and 87.

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