Stocks Slide on Virus-Impact Concerns; Bonds Rise: Markets Wrap

(Bloomberg) — For a fresh perspective on the stories that matter in Australian business and politics, sign up for our new weekly newsletter.Stocks, crude oil prices and the yuan slumped on Thursday on concerns about the impact of the new China virus on corporate sales and economic growth. The yen edged up with Treasuries.On the last trading day in China before the nation’s epic travel season for the lunar new year holidays begins, the country’s stocks tumbled about 3%. With China moving to shut down travel in and out of the epicenter of the novel coronavirus, Wuhan, the threat to …read more

Source:: Yahoo Finance

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