Stocks gain after China cuts U.S. import tariffs, virus fears wane
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TOKYO (Reuters) - Global stocks extended their recovery on Thursday, cheered by record closes in Wall Street benchmarks following encouraging economic data, and after China announced a cut in tariffs on some imported goods from the United States.The tariff relief added to hopes the global economy may be able to avoid a major shock from China's rapidly-spreading coronavirus, which has battered financial markets in recent weeks. MSCI's broadest index of Asia-Pacific shares outside Japan jumped..