Global Stocks Extend Declines as Coronavirus Concerns Mount

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Global Stocks Extend Declines as Coronavirus Concerns Mount
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Global stock markets dropped and U.S. government bonds rallied as investors braced for greater economic fallout from the spread of the coronavirus

More than 81,700 people have been infected and the death toll stood at more than 2,700 globally. On Wednesday, American authorities said a patient in California might be the first U.S. coronavirus case to be diagnosed without a clear explanation for how the disease was transmitted.

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