Pharma stocks hit as US, European equities fall

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New York - Hospital companies and pharmaceuticals were among the losers on Wall Street on Tuesday as US stocks fell with the introduction of the Republican health-care proposal in Congress.

The decline in US stocks, the second in a row, came as equity markets in Paris, London, Frankfurt and Tokyo also fell modestly.

Markets are "taking a very cautious attitude," said Peter Cardillo, chief market economist at First Standard Financial.

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