Investing.com - Financial Markets Worldwide
🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

FTSE 100 tumbles again as coronavirus fears grow

Published 01/27/2020, 04:25 PM
Updated 01/27/2020, 04:32 PM
FTSE 100 tumbles again as coronavirus fears grow
UK100
-
BRBY
-
FTNMX405010
-
ICAG
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 1.5%, FTSE 250 down 1.1%
* Airlines, travel stocks among worst performers
* Finablr shines on the midcap index

Jan 27 (Reuters) - UK shares slumped on Monday as the
coronavirus spread globally and caused more fear with death
tolls more than tripling from last week, while midcap
constituent payments group Finablr outperformed.
The FTSE 100 index .FTSE , which had recovered on Friday
after the World Health Organisation issued a measured assessment
of the virus, stumbled 1.5% by 0808 GMT, set for its worst daily
performance since early December.
The midcaps were 1.1% lower, but Finablr helped contain some
losses as it jumped 9% after reassuring markets that it had
sought clarifications from BRS, an investment vehicle owned by
Shetty that pledged over half the company's stock as security
against certain debts.
News that China's death toll from the coronavirus discovered
at the end of last year has risen to 80 spooked investors and
dragged an index of leisure and airline stocks .FTNMX5750 down
nearly 2%. The sector is exposed to a slowdown in the travel
market because of the outbreak.
Some stock losers include British Airways owner IAG
ICAG.L , which dropped 5%, and China-exposed luxury brand
Burberry BRBY.L , down 4.8%.


Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.