SINGAPORE (Feb 28): Global stocks traded sharply lower last week as the second wave of Covid-19 outbreak, this time outside of China, triggered heightened uncertainties. US stocks, which had demonstrated remarkable resilience thus far, even hitting fresh record highs, succumbed to heavy selling pressure. The Dow Jones Industrial Average, the most closely watched bellwether index in the world, fell 2,035 points or 7%, in the first three days of the week.

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