News Formal

European stocks, oil tumble as China virus rattles markets

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

LONDON: European stocks and oil plunged on Monday (Jan 27) as panicked investors fled risky assets for safer bets gold, bonds, the dollar and the ...

LONDON: European stocks and oil plunged on Monday as panicked investors fled risky assets for safer bets gold, bonds, the dollar and the yen, after China warned that a deadly new coronavirus was spreading fast.

Analysts said there were growing fears the crisis could become as bad as the Severe Acute Respiratory Syndrome outbreak that hammered markets and the global economy in 2003. The outbreak has led China to lock down the epicentre of the disease, Wuhan - a city of 11 million people - while imposing tight travel restrictions on a number of other cities including Beijing.

 

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:

 /  🏆 6. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

China virus sends shockwaves through Asia tourist industryA deadly virus that has prompted travel restrictions in China is sending shockwaves through Asia's tourism industry, which has become increasingly ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »