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WALL STREET INSIGHT

Fear of fear grips markets as spread of outbreak shows no sign of slowing

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US stocks ended one of the wildest weeks since the global financial crisis more or less flat, but even as the stock market calmed on Friday, the Dow still closed more than 10 per cent below its record high.

THE week saw one of the fastest stock-market corrections in history. It could also lead to the fastest bear market, unless economic-stimulus measures can do what central bank stimulus could not - tamp down fear of the coronavirus epidemic.

US stocks finished one of the wildest weeks since...