NEW YORK (AP) – Stocks are falling sharply again and bond yields have dropped to a record low due to concerns about the economic damage caused by the coronavirus epidemic.
The main American indices are down more than 3%. European markets fell further and Asian indices also closed sharply lower.
The yield on the 10-year Treasury bill fell below 0.70% for the first time.
The price of oil fell 10% and gold rose.
Concerns about the economic fallout from the fast-spreading virus have had markets on a roller coaster for weeks.
On Friday, they also completely overshadowed a solid report on jobs in the United States.
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