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Deadly coronavirus fears drive sell-off in stocks, oil, yuan

Bloomberg Intensifying concern about the economic and human impact of the coronavirus sent stocks, oil and China’s yuan tumbling on Monday while spurring haven assets. Treasuries gained and Italian bonds jumped after regional elections. The Stoxx Europe 600 Index headed for its worst decline since October, with miners dropping by more than 4%. Contracts on the main US equity benchmarks ...

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Thai stocks drop most since 2016 on ‘tour ban’

Bloomberg Thailand’s stock market tumbled on the prospect of economic turbulence after China banned outbound group tours to fight the spread of the novel coronavirus that’s sickened thousands of people. The SET index slid 2.9% on Monday, the most since 2016, with tourism shares among those bearing the brunt of the drop. The baht weakened in line with emerging-market currencies ...

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Abe’s first pick in BOJ board rejig to test inflation resolve

Bloomberg Japanese Prime Minister Shinzo Abe’s upcoming choice of candidate to join the Bank of Japan (BOJ) board could shed light on the leader’s current thinking on the importance of achieving a stubbornly difficult inflation goal. Abe’s nomination to replace Yutaka Harada is scheduled to take place on Tuesday morning, according to a document seen by Bloomberg. The choice will ...

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