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Friday, February 28, 2020

Coronavirus wipes $5tn off global share markets

Panic in the stock market over spreading coronavirus continued into a 7th day on Friday, with world share markets crashing again, compounding their worst week since the 2008 global financial crisis and bringing the global wipeout to $5 trillion. The sell-off is fueled mostly by worry that measures to contain the virus would hamper corporate profits & economic growth.

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