Switzerland step up measures to contain coronavirus as Swiss stock exchange decimates


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Switzerland step up measures to contain coronavirus as Swiss stock exchange decimates

In the wake of a fast-spreading coronavirus outbreak across the Central Europe, Switzerland, the mountainous Central European country border with Italy to the south, France to the west and Germany to north, which became much more vulnerable to a mass-scale coronavirus outbreak amid rising number of newer coronavirus cases in France, Germany and Italy, said late on Wednesday, the 11th of March 2020, that the country had shored up a slew of preventive measures to slow down the spread of the novel Covid-19 which had led to the death of four people in the Alpine country, infected hundreds and rampaged the neighbouring Italy.

On top of that, the Swiss Government said in a statement on Wednesday (March 11th) that it would be shutting down nine of its secondary borders with Italy, nonetheless would still keep the main routes open to let workers attend to their jobs.

Apart from that, according to a report from Swiss broadcaster SRF, the southern canton of Ticino which has a direct border with Italy, had ordered a complete shutdown of any kind of mass gatherings such as schools, movie theatres, ski arenas alongside the night clubs until March 31st, nonetheless, several bipartisan politicians were asking for an Austria-like measure, which had locked down all of its borders with Italy.

Nonetheless, no pledges of financial aids had been received thus far despite a majority of Swiss stock indices’ footstep in to the bearish territory, while the Swiss SMI shrugged off 22.83 per cent from its most recent peak reached on February 19th.