European Markets Tumble Again On Virus Jitters

(RTTNews) - European markets ended lower on Tuesday, as stocks fell sharply for a second successive session this week, amid mounting worries about the impact of the rapidly spreading coronavirus in Italy and a few other parts of the globe.

According to reports, the pace of new coronavirus infections slowed in China. South Korea said it aims to test more than 200,000 members of a church at the center of a surge in coronavirus cases.

Countries around the world have reportedly stepped up efforts to prevent a pandemic, with the U.S. pledging $2.5 billion to fight the disease.

The World Health Organization said it has sent a mission to Italy to "support Italian authorities in understanding the situation," citing concerns with the outbreak.

With several markets in the region falling and stocks from across several sectors reeling under pressure, the pan European Stoxx 600 tumbled 1.76%.
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