The fallout from the deadly coronavirus is battering emerging markets, a sign of skepticism that the world economy can easily bounce back from its worst year in a decade.
After weeks of hoping that a trade detente would buoy the global economy, investors have retreated from wagers on commodities and emerging markets dependent on Chinese consumption. In the eight trading days through Wednesday, the industrial metal copper slid more than 10% and Brent crude, the global gauge of oil prices, fell almost 7.5%.
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