Stock markets are tumbling after President Donald Trump imposed a travel ban on most of Europe and offered few new measures to contain the economic impact of the virus outbreakBy YURI KAGEYAMA AP Business WriterMarch 12, 2020, 11:56 AM5 min readTOKYO — Global stocks plunged Thursday after U.S. President Donald Trump imposed a travel ban on most of Europe and offered little in the way of new measures to contain the economic impact of the virus outbreak. European markets sank, with shares in airlines like Air France and Lufthansa down about 10%. Wall Street futures were down about 5%, likely putting the S&P 500 in a bear market when trading starts, like the Dow a day before. Global markets began falling again after Trump’s address to the nation late Wednesday, in which he announced vast travel restrictions on Europe that aim to limit the virus from spreading but will further hurt the travel industry. His move also raises the specter of more drastic measures by governments that will hurt business between the world’s top economies. Trump hinted at plans for tax cuts and other economic relief, has yet to unveil details. Lawmakers have resisted his proposal for a cut to


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