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Global Stocks Sink as Pandemic's Damage Starts to Show in Gloomy Data

Stocks slumped Friday, after U.S. markets slipped on spending and unemployment data that illustrated the reach of the coronavirus pandemic.

Stock benchmarks in Australia and Japan dropped significantly. Japan’s Nikkei 225 fell 2.6%. Australia’s S&P/ASX 200 was 3.5% lower in early afternoon trading in Singapore, with gloomy manufacturing data helping put it on track for its worst day in five weeks. The Shanghai Composite Index was up 1.3%.

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