LONDON: Europe’s main equity markets declined at the open on Monday, mirroring losses elsewhere on investor panic over the outbreak of deadly coronavirus in China.
According to details, in initial trades, London’s benchmark FTSE 100 index of major blue-chip companies sank 1.6 percent 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 percent to 5,923.36.
According to Ava Trade analyst, Market participants in Europe have serious concerns about coronavirus as the death toll increased to 80 and more than 2,700 victims infected in China.
The analysts added the bottom line is that the virus has become deadly and it has caused a major panic in the industry.
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.
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