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As virus spreads, investors look for safety

Asian stocks fell again today after a global sell-off yesterday, as investors worried that China’s coronavirus outbreak could undo months of economic gains around the world.

• Shares in Korea and Singapore fell amid fears that companies in those markets will suffer from a drop in Chinese consumer spending.

• The S&P 500 declined 1.6 percent yesterday, while the Stoxx Europe index slipped 2.3 percent.

• Brent crude oil fell below $60 a barrel.