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World stocks plunge into bear market after US travel curbs

Published Thu, Mar 12, 2020 · 09:50 PM
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New York

GLOBAL stocks plunged into a bear market and oil slumped further on Thursday after the European Central Bank's stimulus efforts failed to calm investors alarmed by US moves overnight to restrict travel from Europe over the spread of Covid-19.

Trading was halted for 15 minutes shortly after the open in New York after the S&P 500 index fell more than 7 per cent.

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