Stocks, oil fall as China virus rattles markets

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NEW YORK - Global stocks and oil dropped Monday as panicked investors fled risky assets for safer bets gold, bonds, the dollar and the yen, after China warned that a deadly new coronavirus was spreadi

ng fast.

"The bottom line is that the virus has become deadly and it has caused a major panic in markets," said Ava Trade analyst Naeem Aslam. "I think it's very logical, especially given that the sectors that would be affected by any slowdown are getting hit the hardest."

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