Covid-19 fears drive down global marts
Air France-KLM reports that the coronavirus is blowing a large hole in 2020 earnings. – AFP pic, February 21, 2020.
CORONAVIRUS fears weighed on global stock markets yesterday as investors headed for the exits even after China reported a big drop in new cases and eased borrowing costs to cushion the epidemic’s economic impact. After powering to a record close the day before, traders fearing the virus could spread and harm the global economy, or simply capitalising on high prices to take profits, sent Wall Street into the red.
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