Global stock markets dropped and U.S. government bonds rallied as investors braced for greater economic fallout from the international spread of the coronavirus.

European indexes dropped, with the Stoxx Europe 600 down 2.3% and the German DAX falling 2.5%. In Asia, Japan’s Nikkei 225 fell 2.1%, while Australia’s S&P/ASX 200 lost 0.8% and Korea’s Kospi declined 1%.

Futures…

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