FTSE 100 LIVE: US stocks and Asian shares plummet after record breaking coronavirus surge

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    The sharp rise in new COVID-19 cases sparked concerns that new lockdowns could derail an economic recovery, while investors looked forward to earnings season.

    Shares in China fell 0.72%, the first decline in more than a week, as investors booked profits on a surge in equities to a five-year high. Meanwhile, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.76%. Australian stocks dropped 0.42%, while Japanese stocks declined by 0.4%.

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