Asian shares wilt, oil tumbles as China virus spreads

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Asian shares wilt, oil tumbles as China virus spreads
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Asian shares and U.S. stocks fell on Thursday as investors remained anxious abou...

The Chinese yuan fell toward a two-week low, while safe-havens such as the Japanese yen, gold, and U.S. Treasuries rose before a travel blockade of the Chinese city, Wuhan, at the center of the outbreak starts later on Thursday.

“Markets are expressing concern about the growth outlook,” said Michael McCarthy, chief market strategist at CMC Markets in Sydney.

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