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Mayank Mishra

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$420 Billion Erased from China's Stock Market Due to Virus Concerns
February 3rd, 2020 - 09:11 GMT

$420 Billion Erased from China's Stock Market Due to Virus Concerns

Investors erased $420 billion from China's benchmark stock index on Monday, sold the yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year. The market slide came even as the central bank poured cash in to the financial system - a show of support for the economy -and despite apparent regulatory ...
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