European stocks sink as coronavirus sparks investor panic
European market
Europe's main equity markets plunged at the open on Monday, mirroring losses elsewhere on investor panic over the deadlycoronavirus.
In initial trades, London's benchmark FTSE 100 index of major blue-chip companies sank 1.6 per cent to 7,468.72 points compared with the close on Friday.
In the eurozone, Frankfurt's DAX 30 index also lost 1.6 percent to 13,359.03 points and the Paris CAC 40 dived 1.7 per cent to 5,923.36.
Also read: World economy at its weakest pace since global financial crisis: International Monetary Fund
"Market participants in Europe have grave concerns aboutcoronavirusas the death toll increased to 80and more than 2,700 victims infected in China," said Ava Trade analyst Naeem Aslam.
He added: "The bottom line is that the virus has become deadly and it has caused a major panic in markets."
&im=FitAndFill=(700,400))
‘Italy will not...’: Meloni threatens Spain’s Schengen access after thousands enter Ceuta from Morocco
)
Delhi Consumer Court fines Indian Railways Rs 25,000 for making RAC passengers share one blanket
)
The Royals enter the Doctor Who universe: King Charles and Queen Camilla beam into Commonwealth Games in TARDIS
)
60,000 migrants from Morocco flood Spain's Ceuta, EU calls influx unacceptable, Trump warns US
)
Who is Ruchika Singh, booked for using foul language against PM Modi at Jantar Mantar protests?
)
'I was almost trafficked in Paris,' says Australian woman, shares terrifying ordeal - 'I am on the black market'
)
Spider-Man producer Amy Pascal reveals why she warned Tom Holland and Zendaya against dating
)
Lift accident? Maintenance, builders & makers are ALL liable now, rules Supreme Court: 3 major regulations | WION Decodes
)
How CIA & Mossad are trying to trace Mojtaba Khamenei using human intelligence
)
WWE SummerSlam 2026 Match Card: Night 1 & Night 2 schedule, main events & full lineup
)
Monsoon set to strengthen in August as India's rainfall deficit narrows to 14%: IMD
)
India avoids higher US tariff, secures lower 10% rate. Here's how
)
Trump warns US could see migrant ‘invasion’ of Spain if Democrats win midterms
&im=FitAndFill=(700,400))
'Fifth-generation fighters': Can the S-400 shoot down an F-35?
)
NEET Protests riddled with misinformation? Delhi Police blocks 480 Pakistan-based handles spreading 'fake news' since Operation Sindoor
)
Hosts India sweep Malaysia for double gold in men’s and women’s Commonwealth Table Tennis finals
)
Pakistan avalanche: Four bodies found as search for Nirmal Purja and 9 other climbers enters critical phase
)
Trump Dashes Zelensky's Patriot Dream as Putin Exploits Ukraine's Air Defence Gap
)
iPhone 18 Pro could be Apple's biggest price jump in years, says new leak
)
Trump says Iranian school bombing photos could be AI-generated - 'I don’t think...'
)
Shehzad Poonawalla, BJP's national spokesperson quits politics? Here's what sparked social media buzz
)
23ft python swallows man returning from party in Indonesia; family find body whole inside reptile
)
Arunachal CM Pema Khandu ranks India's 4th richest CM, wealthiest in Northeast: ADR report
)
What are Italy’s Schengen rules with Spain and why has Meloni suspended them? WION Decodes
)
'A kind of madness': Iran vows to target Israeli and US energy infrastructure if attacked as Trump weighs fresh strikes
)
"Am I Worthy?" Ranbir Kapoor addresses backlash over playing Lord Ram in Ramayana: Part 1
)
US offers $15mn reward to dismantle alleged IRGC drone funding network
)
Commonwealth Games 2026 Day 10: India's full schedule, medal events and match timings
)
Google Earth accidentally creates AI's next misinformation nightmare. 'Create image' feature rolled back over terrifying ques: What's real anymore?
)
Have 7,000 Karnataka students tested positive for HIV? Here's the truth
)
Indian forces used pellet guns on Jul 20? SC hearing, police diary entry, MLC report and injured protesters' claims
)
Buying Russian oil could cost India dearly? MEA breaks silence on US 100% tariff bill
)
'Living Nostradamus' warns of a new war, claims two of his 2026 predictions have come true
The outbreak of thecoronavirushas led China to lock down the epicentre of the disease, Wuhan,a city of 11 million people, while also imposing tight travel restrictions on a number of other cities including Beijing.