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Why the coronavirus left stock markets shaken but not stirred in 2020

The S&P 500 stock market index soared 29 per cent, the second-highest gain in 21 years. The MSCI World Index was up around 24 per cent, France’s CAC40 up 27 per cent, and the Shanghai Composite Index up 23 per cent. Although the British and Hong Kong governments scored own goals in the year, their stock markets were up 12.7 per cent and 9 per cent respectively.This is not a review of the markets in 2020, but of 2019. This year has been dominated by talk of economic destruction, recession, job…

Read the original article at South China Morning Post

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