Global Stocks Slump As Coronavirus Cases Surge In Italy And South Korea

  • 📰 Forbes
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Stocks markets around the world fell over fears that the coronavirus could go global with a surge in reported cases of the pneumonia-like virus in South Korea and Italy.

A man wearing a protective facemask takes pictures with his mobile phone at the Gallery Vittorio: Italy has imposed quarantine and travel restrictions on 50,000 in its northern economic heartland while investors sold shares and bought safe-haven assets over fears that the coronavirus could become a pandemic.

Stella Kyriakides, EU health commissioner, said on Monday: “For the moment WHO has not advised imposing restrictions on either travel or trade.” Markets in Europe slid on Monday, with Italy’s FTSE MIB falling more than 4%, while London’s FTSE 100 was down 3.3% on Monday morning. Investors flocking to the safe-have assets have pushed gold to its highest price in around seven years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This plague is spredding around the world! What a disaster!

Is always the same, an opportunity to get rid of bad investments, as long as there's something to blame.

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:

 /  🏆 394. 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 roiled as Italy and South Korea sound coronavirus alarmStock markets around the world are selling off on Monday morning as coronavirus cases spike in Italy, South Korea and the Middle East. Live shot of Larry Kudlow: Ever notice how giddy cnbc gets when the markets are down. They'll trot out the same idiots and do the same stupid interviews. Now this is getting scary
Source: CNBC - 🏆 12. / 72 Read more »

South Korea, Iran, and Italy officials face coronavirus outbreaks - Business InsiderNew cases outside China have caused global concerns that more major regions were at risk and the outbreak could reach pandemic status. But only 1 case in Africa, and none in South America.
Source: BusinessInsider - 🏆 729. / 51 Read more »

European stocks set to open sharply lower on fears coronavirus is spreading in ItalyEuropean stocks are poised to open sharply lower Monday as investors watch as Italy grapples with the largest coronavirus outbreak outside Asia.
Source: CNBC - 🏆 12. / 72 Read more »