Beijing Govt: All overseas arrivals will be subject to centralised quarantine

The Beijing govt has said that all overseas arrivals will be subject to centralised quarantine and nucleic acid test from March 25th.

Reuters reports that Beijing's city government is "further strengthening quarantine rules for individuals who arrive in China from overseas, as the Chinese capital seeks to minimise coronavirus-related risks, Beijing Daily reported on Tuesday."

The paper, the official publication of the city's Communist Party organisation, said all people entering the Chinese capital will be subject to centralised quarantine and testing for the coronavirus.

The report also said those who enter the city and have travelled from overseas to China in the past 14 days will also be subject to centralised quarantine and testing for the coronavirus, which has killed nearly 3,300 and infected nearly 82,000 in mainland China. 

Market implications

Travel stocks are going to feel plenty of pain as nations tighten travel restrictions with many airlines close their air routes.