India’s Coronavirus Cases Surge To 3.1 Million

India reported 61,408 coronavirus infections in the last 24 hours, taking its total caseload past 3.1 million, data from the federal Health Ministry showed.

India crossed the 3 million cases milestone on Sunday, 17 days after it crossed the 2 million mark. It is the worst-affected country in Asia, and third behind Brazil and the United States globally.

The number of deaths in the last 24 hours was 836, taking the total to 57,542.

Meanwhile, global stock markets surged while Wall Street posted another record-setting day on Monday amid the unveiling of a new coronavirus treatment. Oil prices also climbed as two storms homing in on the Gulf of Mexico shut down 80 percent of production in the region. Following news that the US Food and Drug Administration (FDA) on Sunday authorized the use of an experimental COVID-19 treatment, the broad-based S&P 500 jumped 1.0 percent to end the session at 3,431.28.

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