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European shares falter as coronavirus toll in China jumps

Published 02/13/2020, 04:10 PM
Updated 02/13/2020, 04:16 PM
European shares falter as coronavirus toll in China jumps
STOXX
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SXAP
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SXPP
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Feb 13 (Reuters) - European shares pulled back from record
highs on Thursday as a surge in new coronavirus cases in China
surprised investors who were hoping that the outbreak had
peaked.
The pan-European STOXX 600 index .STOXX fell 0.4% 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 .SXPP and automobile stocks .SXAP fell 0.9% and
1.1%, respectively.


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