European shares falter as coronavirus toll in China jumps

The pan-European STOXX 600 index fell 0.4pc by 0803 GMT. The index had notched new highs in the last two sessi
13 Feb, 2020
  • The pan-European STOXX 600 index fell 0.4pc by 0803 GMT.
  • The index had notched new highs in the last two sessions on optimism over what appeared to be a decline in new cases of infection in China.

The pan-European STOXX 600 index fell 0.4pc by 0803 GMT.

The index had notched new highs in the last two sessions on optimism over what appeared to be a decline in new cases of infection in China.

But a jump in new cases after China deployed a new diagnostic method and a record rise in the death toll swiftly subdued risk appetite.

European sectors with heavy exposure to China, such as basic resources and automobile stocks fell 0.9pc and 1.1pc, respectively.

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