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Global Markets Waver as Coronavirus Fears Weigh

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Chinese markets had a decidedly bad day but others seem to have priced in emerging coronavirus risks

Chinese stocks tumbled Monday as investors got their first chance in more than a week to react to the coronavirus that is gripping the country, but action was muted in other markets that had already priced in some emerging risks.

In Asian trading, the benchmark Shanghai Composite Index closed 7.7% lower, with many stocks dropping by the maximum 10% that is allowed, including airlines and brokerages.

 

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Yes, it's great to price in illness and death, isn't it?

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