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MADRID (AP) – The battle to contain the coronavirus reached new urgency, as more governments locked down borders and ordered new closures and restrictions and pleas went out to funnel masks and ventilators to places struggling with soaring numbers of sick patients.
The growing sense of crisis rocked financial markets Monday, particularly on Wall Street, where the Dow Jones Industrial Average plunged 12.9%. Investors’ fears that the pandemic will throw the economy into a recession sent the market to its worst one-day loss since 1987.
The shift in the battle lines was made clear by tallies showing cases outside China have surpassed those inside it and Spain now has the fourth-most cases in the world. The central Chinese city that was the former epicenter where the viral illness was first detected in December was down to just one new case on Tuesday.
