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Asian shares tumble: SKorea's Kospi drops 9%, Hong Kong 4%
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BANGKOK – Shares in Asia failed to hold onto opening gains on Thursday, skidding further after the latest selloff on Wall Street.
Stocks fell in Tokyo, and all other Asian markets on Thursday. Share prices have been sinking as investors shift to cash as fears of a prolonged coronavirus-induced recession take hold.
Japan's Nikkei 225 index gave up 1.7% to 16,434.74, while in South Korea, the Kospi sank 7.6% to 1,470.78. Hong Kong's Hang Seng index slipped 4.3% to 21,344.93 and the Shanghai Composite index shed 2.1% to 2,670.37.
Australia's S&P ASX/200 declined 3.3% to 4,791.50 after the central bank announced it was cutting its policy rate by 0.25 percentage point to a record low 0.25%, among other measures. “It's amazing how
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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