NEW YORK: European and US stock markets resumed their downward slide on Thursday , while Brent oil prices slid below US$50 a barrel for the first time since 2017 as global markets communicated more distress over the coronavirus.Advertisement
Across the world, 3,345 people have died from the virus and there have been 97,510 infections in 85 countries and territories.US economic data thus far has not shown much of a hit from the coronavirus, but the market fears what is coming down the road. Among US shares, United Airlines, American Airlines and JetBlue all sank more than 10 per cent, while planemaker Boeing and airplane engine manufacturer United Technologies also fell sharply.
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