Wall Street's three major indexes fell more than 4 per cent on Wednesday, after President Donald Trump's dire warning on the US death toll from the coronavirus sent investors running from even the most defensive equities.
Trump warned Americans late Tuesday of a "painful" two weeks ahead and health officials highlighted research predictions of an enormous jump in virus-related deaths.
Economic data did little to lift the mood. While US manufacturing activity contracted less than expected in March, new orders received to factories fell to an 11-year low. And business closures pushed private payrolls down by 27,000 jobs last month, the first

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