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GLOBAL MARKETS-Stocks, oil drop as coronavirus fears grip markets

Published 26/02/2020, 20:11
© Reuters.  GLOBAL MARKETS-Stocks, oil drop as coronavirus fears grip markets
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* Tracking the coronavirus: https://tmsnrt.rs/3aIRuz7

* Treasury yields remain near record lows

* Japan stocks hit by fears of Olympics cancellation

(Updates prices, adds details)

By Rodrigo Campos

NEW YORK, Feb 26 (Reuters) - Stocks and oil prices resumed

their sharp decline on Wednesday after a report said over 80

people were being monitored for the novel coronavirus in New

York State's Long Island.

Financial markets have been reacting to news of the virus'

spread because of the potential impact of the disease's outbreak

on the global economy.

U.S. and German bond yields resumed their fall while gold

prices rose.

Health officials in Nassau County, New York, said on

Wednesday that they were monitoring 83 people who visited China

and may have come in contact with the coronavirus, but Governor

Andrew Cuomo said the state has had no confirmed cases so far.

On Wall Street, the Dow Jones Industrial Average .DJI fell

75.44 points, or 0.28%, to 27,005.92, the S&P 500 .SPX lost

4.75 points, or 0.15%, to 3,123.46 and the Nasdaq Composite

.IXIC added 17.32 points, or 0.19%, to 8,982.93.

Emerging market stocks lost 1.30%. MSCI's broadest index of

Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 1.29%

lower, while Japan's Nikkei .N225 lost 0.79%.

U.S. 10- and 30-year Treasury yields fell near record lows.

Benchmark 10-year notes US10YT=RR last rose 5/32 in price

to yield 1.3154%, from 1.33% late on Tuesday. The 30-year bond

US30YT=RR last rose 2/32 in price to yield 1.8003%, from

1.803% on Tuesday.

U.S. crude CLc1 fell 2.57% to $48.62 per barrel and Brent

LCOc1 was last at $53.39, down 2.84% on the day.

The dollar index =USD rose 0.11%, with the euro EUR= up

0.04% to $1.0883.

The Japanese yen weakened 0.10% versus the greenback at

110.34 per dollar, while Sterling GBP= was last trading at

$1.2901, down 0.79% on the day.

Coronavirus spreads outside of China https://tmsnrt.rs/38V85hO

Global stocks' performance vs. reported coronavirus cases https://tmsnrt.rs/3c3WvTr

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