European stocks sink further into correction territory amid coronavirus fears

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European stocks slammed by nearly 4% as virus fears rattle markets

European stocks pushed further into correction territory on Friday, and were poised for the worst week since the depths of the global financial crisis as global equities continued to sink on coronavirus fears. The Stoxx Europe 600 index SXXP, -4.14% fell 3.8% to 374.56. The index fell 3.75% on Thursday and meet one definition of a correction as it dropped 10.2% from its record close of 433.90 reached February 19, 2020.

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