US STOCKS-Wall St set to fall again as coronavirus spreads beyond China

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U.S. stock index futures edged lower on Friday as a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds. The risk-off mood was exacerbated by data showing Japan’s factory activity suffered its steepest contraction in seven years in February, underlining the risk of a recession in the world’s third-largest economy as the outbreak takes a toll on global growth. With massive disruptions in supplies from China, parts shortages are hitting businesses as far away as the United States.