US shares hit as virus surge revives economic fears

US shares hit as virus surge revives economic fears

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Financial markets in the US dropped more than 2% on Wednesday as a rise in coronavirus cases raised the prospect of another round of lockdown measures.

New York and two nearby states announced a quarantine on visitors from some US hotspots, while Europe was said to be considering a ban on US visitors.

The new rules revived concerns about the path of America’s…

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