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Stocks Edge Up As China Virus Grows
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23 Jan 2020 05:08 AM EST

World stock markets bounced back on Wednesday, even as deaths from China’s new virus rose to 17. Oil prices tumbled as a market surplus forecast alleviated supply concerns. Worries about contagion of the virus and its effect on the global economy are growing, reports Reuters. Particularly as millions travel for upcoming Lunar New Year festivities. The virus has knocked the world’s top equity markets off record peaks. Official newspaper China Daily on Wednesday said 544 cases had now been confirmed in the country. Cases of the previously unknown, flu-like coronavirus have emerged as far away as the United States