Global stock markets weighed down by virus fears

New York (AFP) – Coronavirus fears weighed on global stock markets Thursday as investors headed for the exits even after China reported a big drop in new cases and eased borrowing costs to cushion the epidemic’s economic impact.After powering to a record close the day before, traders fearing the virus could spread and harm the global economy, or simply capitalizing on high prices to take profits, sent Wall Street into the red.But Art Hogan of National Holdings said the drop on Wall Street “much more that we have not taken a pause for a bit. It’s healthy.””We’ve been up since October; we have n…

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