Global Markets Lower After Wall Street Falls on Virus Fears

BEIJING (AP)-Global stock markets are mostly lower after Wall Street fell for a second day on anxiety over the economic fallout from surging coronavirus cases.

London, Tokyo and Frankfurt declined while Shanghai advanced.

On Wall Street, the benchmark S&P 500 index lost 1.2%, erasing early gains after Pfizer and BioNTech reported updated data suggesting their potential COVID-19 vaccine may be 95% effective.

Losses accelerated after New York City said it would close its public schools to in-person learning.

From Joe McDonald, Associated Press

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