Italian stocks slump 4%, as European equities crumble on spreading coronavirus

European stock markets tumbled sharply on Monday, with investors gripped by worry as coronavirus cases surged outside of China — in South Korea, Iran and Italy — over the weekend.

But the losses weren’t limited to Italy. The Stoxx Europe 600 index SXXP, -3.39% fell 3.3% to 413.79. South Korea reported 161 new cases on Monday, bringing the country’s total to 763 cases, and two more deaths raising that toll to seven. Iran reported 43 cases and eight deaths. China reported 409 new cases, raising the country’s total to 77,150, along with 150 deaths.

This isn’t about corona. This is about sanders. If sanders wins, expect a 70% correction.

Down 750 a short while ago - I am thinking the market will try to go for down 1000 by end of the day

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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 »