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Brazil's Sao Paulo exchange suspended trading Monday after stocks plunged more than 10 percent as global markets recoiled from the coronavirus epidemic and a deep plunge in oil prices. The Ibovespa index, which had fallen by 4 percent on Friday, dropped more than 8 percent in opening trades, sinking to 10.02 percent half an hour later at 1340 GMT. Shares of state-controlled oil giant Petrobras lost more than 24 percent after global oil prices fell more than 30 percent, the biggest drop since the 1991 Gulf War. lg/jm/ec
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