European Stocks Close Lower As Coronavirus Worries Weigh

(RTTNews) - European stocks tumbled and finished lower on Friday as worries about the potential impact of the spread of coronavirus intensified after death toll rose, and more countries, including the U.K., confirmed infections from the virus.

Rising concerns about the coronavirus outbreak have taken a toll of equities across global markets. According to Chinese officials, 213 people have died from the coronavirus, while the number of confirmed cases has risen to more than 9,800.

The U.K. and Russia have also confirmed their cases of coronavirus infection, raising concerns about the rapid spread of the disease and the impact on the global economy.

Meanwhile, the U.K. is all set to officially leave the European Union an hour before midnight on Friday, and move on to an 11-month transitional period.

The pan European Stoxx 600 declined 1.07%. The major markets Germany, the U.K., France and Switzerland, all ended notably lower. The U.K.'s FTSE 100 declined 1.3% and Germany's DAX ended down 1.33%, while France's CAC 40 and Switzerland's SMI shed 1.11% and 1.13%, respectively.
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