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Shares rebound on glimmers of progress in battling virus
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BANGKOK – Asian shares and U.S. futures rebounded on Monday as investors grasped at threads of hope that the battle against the coronavirus pandemic may be making some progress in some hard-hit areas.
Markets in Tokyo, Seoul and Sydney gained more than 2% in early trading and Hong Kong was up nearly 1%. New York futures were about 3% higher.
The gains followed another Friday session of losses after the U.S. said employers cut 701,000 more jobs than they added last month, the first drop in nearly a decade.
Investors fled the market ahead of the weekend. Oil prices were higher. Reports showed the number of people dying appeared to be slowing in New York City, Spain and Italy.
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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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