Stocks markets around the world fell over fears that the coronavirus could go global with a surge in reported cases of the pneumonia-like virus in South Korea and Italy.
A man wearing a protective facemask takes pictures with his mobile phone at the Gallery Vittorio: Italy has imposed quarantine and travel restrictions on 50,000 in its northern economic heartland while investors sold shares and bought safe-haven assets over fears that the coronavirus could become a pandemic.
Stella Kyriakides, EU health commissioner, said on Monday: “For the moment WHO has not advised imposing restrictions on either travel or trade.” Markets in Europe slid on Monday, with Italy’s FTSE MIB falling more than 4%, while London’s FTSE 100 was down 3.3% on Monday morning. Investors flocking to the safe-have assets have pushed gold to its highest price in around seven years.
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