AFP, London :
Asian and European markets mostly fell Monday with investors worried over the impact of China’s coronavirus outbreak on the global economy.
At midday in Europe, London was down 0.2 percent, Paris dipped 0.4 percent, and Frankfurt slid 0.3 percent.
“Coronavirus concerns are weighing,” noted CMC Markets UK analyst David Madden.
“The deepening health crisis is chipping away at market confidence.
“In London, stocks that are connected to China are under pressure. Mining, energy as well as travel stocks are in the red.”
The virus has killed more than 900 people, infected more than 40,000 across mainland China and spread to more than two dozen countries in what has been termed a global health emergency. It has also jolted major supply chains for everything from food and household supplies to car and electronics parts. In Asia, Tokyo’s benchmark Nikkei 225 index closed 0.6 percent down, while
Hong Kong pared some losses, ending the day 0.6 percent lower after tanking 1.1 percent at the open.
Asian and European markets mostly fell Monday with investors worried over the impact of China’s coronavirus outbreak on the global economy.
At midday in Europe, London was down 0.2 percent, Paris dipped 0.4 percent, and Frankfurt slid 0.3 percent.
“Coronavirus concerns are weighing,” noted CMC Markets UK analyst David Madden.
“The deepening health crisis is chipping away at market confidence.
“In London, stocks that are connected to China are under pressure. Mining, energy as well as travel stocks are in the red.”
The virus has killed more than 900 people, infected more than 40,000 across mainland China and spread to more than two dozen countries in what has been termed a global health emergency. It has also jolted major supply chains for everything from food and household supplies to car and electronics parts. In Asia, Tokyo’s benchmark Nikkei 225 index closed 0.6 percent down, while
Hong Kong pared some losses, ending the day 0.6 percent lower after tanking 1.1 percent at the open.
