Stocks drop as virus recovery begins to look distant
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SINGAPORE (Reuters) - Stock markets fell and bonds were in demand on Thursday as worries grew about a second wave of coronavirus infections and a dour assessment from the head of the U.S. Federal Reserve dashed hopes for a quick economic recovery. "The path ahead is both highly uncertain and subject to significant downside risks," Fed Chair Jerome Powell said in a webcast speech.He warned of a recession worse than any since World War Two, and called for additional fiscal spending to stem the..