Live coronavirus updates: New travel restrictions in force in NZ, chaos at airports in the US

Wellington's Homegrown festival has been postponed because of concerns over Covid-19.

About 20,000 people and more than 40 bands and DJs are part of the festival every March.

In other Covid-19 news, the New Zealand sharemarket opened sharply lower after the Reserve Bank slashed its official cash rate this morning.

The central bank has cut its benchmark interest rate by three quarters of a percentage point, to support the economy against the impact of the Covid-19 virus.

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