NEW YORK: The dollar strengthened and global equity markets surged on Tuesday, with Wall Street's Nasdaq index hitting a record high, as investors took heart from China's efforts to minimize the economic impact from the coronavirus epidemic.
The price of gold and government debt, traditional safe havens, slid as investors gained confidence that China will do whatever it can to alleviate the economic toll from an outbreak that has killed more than 420 people and infected more than 20,000.
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