Stocks tick up as China virus worries abate; oil drops
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NEW YORK (Reuters) - World stock markets bounced back on Wednesday, as swift updates from China about the spread of a new flu-like virus raised hopes the outbreak would be contained, while oil prices tumbled as a market surplus forecast outweighed supply concerns. Worries about contagion of the virus and its effect on the global economy, particularly as millions travel for upcoming Lunar New Year festivities, have knocked the world's top equity markets off record peaks. The outbreak revived..