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Dow falls more than 4% amid coronavirus stock rout

Image copyright Getty Images Financial markets suffered a sixth day of losses on Thursday, as traders dumped shares on fears that the spread of coronavirus will hobble the global economy.In the US, the Dow Jones plunged nearly 1,200 points to lose 4.4%. It was the sharpest points-drop in history.The S&P 500 ended 4.4% lower, while…

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Financial markets suffered a sixth day of losses on Thursday, as traders dumped shares on fears that the spread of coronavirus will hobble the global economy.In the US, the Dow Jones plunged nearly 1,200 points to lose 4.4%. It was the sharpest points-drop in history.The S&P 500 ended 4.4% lower, while the Nasdaq dropped 4.6%.Earlier, London’s FTSE 100 finished 3.5% lower, while Japan’s Nikkei 225 led Asian losses, falling more than 2%.The string of declines has pushed indexes in Europe and the US down more than 10% from their recent highs – sending them into so-called “correction” territory.The tumult comes as the coronavirus, which started in China, spreads rapidly around the world, restricting travel, upending global supply chains and prompting shoppers in some countries to stay home.”Markets move sharply when fear and uncertainty are prevalent, and there is plenty of both right now,” said Greg McBride, chief financial analyst for Bankrate.com. Indexes in the US and London were poised for their the biggest week
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