Global stocks mixed as China virus worries deepen

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.

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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...
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