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European Stocks Close Sharply Lower as China Virus Fears Intensify; Stoxx 600 Down 2%
Monday, 27 January 2020 23:45 WIB | MARKET UPDATE |Stoxx 600Saham Eropa

European stocks tumbled sharply on Monday as fears over the economic fallout from the Chinese coronavirus outbreak intensify.

The pan-European Stoxx 600 fell by more than 2% at 413.98, with the China-exposed basic resources sector plunging 4% to lead losses as all sectors and major bourses traded firmly in negative territory.

Chinese officials have now confirmed more than 2,700 cases of the new strain of coronavirus, which originated in the city of Wuhan, with the death toll rising to 80 and 461 people in critical condition. The virus has now been detected in a host of other countries in Asia and beyond, including the U.S., France, Australia and Canada.

Source : CNBC

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