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FTSE 100 tumbles 1% as China virus scare hits stocks

Published 01/21/2020, 04:20 PM
Updated 01/21/2020, 04:24 PM
FTSE 100 tumbles 1% as China virus scare hits stocks
UK100
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EZJ
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BRBY
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FTMC
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FTNMX301010
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UBSG
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100 down 1%, FTSE 250 down 0.8%
* Spread of new SARS-like virus rattles markets
* UK jobs data eyed
* easyJet outperforms main index

Jan 21 (Reuters) - London's FTSE 100 skidded to a near
two-week low on Tuesday, with global markets rattled by the
spread of a new coronavirus in China, while traders eyed jobs
data which could dictate whether the Bank of England will cut
interest rates this month.
China reported a fourth death from the virus, which is being
likened to the deadly 2002/2003 spread of Severe Acute
Respiratory Syndrome (SARS), just ahead of the Chinese Lunar New
Year holiday. The FTSE 100 .FTSE shed 1%, as Asia-exposed Burberry
BRBY.L led losses with a 3.3% slide while financial stocks
.FTNMX8350 were also hit by Swiss bank UBS UBSG.S cutting
its mid-term targets. The FTSE 250 .FTMC gave up 0.8%.
However, low-cost airline easyJet EZJ.L outshone the
blue-chip bourse with a 2% rise after it forecast improvement in
its first-half winter performance.

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