Stocks, oil prices slide as virus sweeps globe

London (AFP) – Stock markets and oil prices slid again Wednesday, as major companies began to count the financial cost of the spreading coronavirus. Heavy selling followed another rout Tuesday on Wall Street where all three main indices lost around three percent after officials said COVID-19 would likely take hold in the United States.With cases being reported in more countries — and lockdowns in nations including Austria, Italy and Spain — traders are growing increasingly fearful about the impact on the global economy.”Markets continue to retreat as the coronavirus dominates headlines,” sai…

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