Global stocks sink further on lingering coronavirus fears

Stocks across the globe fell on Tuesday to their lowest since mid-December and the benchmark U.S. debt yield was near a record low on lingering concerns about the economic hit of the spread of the novel coronavirus. The yen strengthened against the dollar end euro in a sign trader were in search of relatively safer assets. Countries around the world are stepping up efforts to prevent a pandemic of the flu-like virus that has now infected more than 80,000 people, 10 times more cases than the SARS coronavirus. The World Health Organization, however, has said the epidemic in China, where it began in December, peaked between Jan. 23 and Feb. 2 and has been declining since. On Wall Street, where stocks fell the most In two years on Monday, indexes shed another 1% at session lows.