Global stocks mixed as China virus worries deepen

  • 📰 staronline
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 75%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

TOKYO: European shares and US futures were higher after another day of losses in Asia on Tuesday (Jan 28) as worries deepened over the expanding outbreak of a new virus in China.

France's CAC 40 rose 0.5% to 5,894.94 , while Germany's DAX rose 0.4% to 13,258.01. Britain's FTSE 100 was up 0.4% at 7,443.00.

In China, the government said more than 4,500 people have been confirmed ill with the virus and 106 have died in the outbreak of a novel coronavirus centered on the city of Wuhan, an industrial hub along the Yangtze river. The virus has spread to a dozen countries, including the U.S. Besides the threat to people's lives and health, investors are worried about how much damage the virus will do to profits for companies around the world.

"How long and how deep the correction lower will last, depends both on the success of China's efforts to control the viral spread, and the prevalence of its occurrence internationally," Jeffrey Halley of Oanda said in a commentary.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks slide to two-week low on China virus fears, safe havens gain | Malay MailNEW YORK, Jan 28 ― Stocks markets tumbled worldwide yesterday as investor worries about the potential economic impact of the coronavirus drove up prices of safe-haven assets such as the Japanese yen and government debt. China's yuan slid to a 2020 low and commodity-linked currencies such as the...
Source: malaymail - 🏆 1. / 86 Read more »