Europe stocks sink on fears coronavirus is spreading in Italy; airlines lead losses
Tuesday, 25 February 2020 00:08 WIB | MARKET UPDATE |SahamEropaIndeks Stoxx Europe 600

European stocks closed sharply lower Monday as investors monitored the continuing spread of the coronavirus beyond China.

The pan-European Stoxx 600 closed down 3.8% to 411.63 , with travel and leisure stocks tumbling over 6% to lead losses as all sectors slid sharply into the red. Italy's FTSE MIB was down more than 1,350 points, or 5.5%. The country reported a sharp spike in coronavirus cases over the weekend.

Coronavirus concerns continue to dominate headlines around the world, and there are widespread concerns over the spread of the virus in northern Italy. A seventh person infected with the coronavirus died in Italy on Monday, local media reported, while the number of confirmed cases rose to more than 220 in the country.

Source : CNBC

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