Stocks, oil fall as China virus rattles markets
Americans are satisfied with the nation's economy, but feel less pleased with the state of wealth inequality in the country.
U.S. stocks plunged on Monday’s on more bad news about the spreading of the coronavirus in China.
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The Chinese leadership has opted to postpone the Lunar New Year celebrations to contain the coronavirus as the death tolls figures continue to increase. Hong Kong is also barring entry to people coming from the mainland.
U.S. stocks fell on Monday as the deadly virus outbreak in China got worse.
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The death toll of the life-threatening coronavirus doubled over the weekend to 80.
By comparison, the previous SARS virus that killed nearly 800 people in the 2002-2003 epidemic became contagious only after showing symptoms making it easier to contain.
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Duterte defended his stance of nonaggression against China, which claims the entirety of the South China Sea, a claim that has led to many skirmishes with neighboring Asian countries with exclusive economic zones of their own that China has encroached upon.
Since it was first detected in Wuhan, China, in December of 2019, the coronavirus outbreak showed no signs of abating. Every day, thousands are coming down with the virus, and the rising death toll stands testament as to how deadly it is. The question on everyone’s mind right now is whether there is something that could be done to protect against getting infected.
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'Draconian' travel curbs needed to halt spread of virus: scientists
Despite the growing number of cases of the novel coronavirus in different parts of the world, medical experts warned that influenza is still a far more dangerous disease. According to the experts, the flu virus poses a deadlier threat to the U.S. than the coronavirus.