UK shares dropped on Monday as the coronavirus spread globally and caused more f...
- UK shares dropped 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.
FILE PHOTO: Traders look at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson, which had recovered on Friday after the World Health Organisation issued a measured assessment of the virus, stumbled 1.4% by 0839 GMT, set for its worst daily performance since early December.The midcaps were 1.
Finablr, which had lost nearly one-third of its market value due to Friday’s fall, was headed for its best day since late November. News that China’s death toll from the coronavirus discovered at the end of last year has risen to 81 spooked investors and dragged an index of leisure and airline stocks .FTNMX5750 down nearly 2% to its lowest since mid-December.The sector is exposed to a slowdown in the travel market because of the outbreak, with some standout individual losers including British Airways owner IAG (
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