Global stocks fell Monday as investors weighed the impact of an agreement to withhold a record amount of crude from markets, with global demand weakened by the coronavirus pandemic.

By afternoon trade in Hong Kong, stock benchmarks in Tokyo, Shanghai and Seoul all fell: Tokyo’s Nikkei 225 closed 1.6% lower, South Korea’s Kospi lost 1.7% and the Shanghai Composite Index dipped 0.6%. S&P 500 futures extended losses to more than 1.2%, suggesting U.S. markets could open lower. Markets in Australia and Hong Kong are closed…

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