European stock markets closed the day with sharp declines due to concerns about the spread of coronavirus

At the closing, the benchmark index Stoxx Europe 600 decreased by 3.79 percent and closed at 411.86 points.

In France, the CAC 40 index decreased by 3.95 percent to 5,791.87 points. In England, the FTSE 100 index finished the day at 7,156.83, with a decrease of 3.34 percent.

In Italy, the FTSE MIB 30 index lost 5.43 percent of its value to 23,427.19, and in Germany, the DAX 30 index closed the day at 13,035.24, decreasing by 4.1 percent.

Euro/dollar parity (TSI) was traded at 1.086 levels with an increase of 0.16 percent as of 20.16.

Airline stocks are losing value

On the other hand, while the International Air Transport Association (IATA) warned that the global airline industry may suffer a loss of close to 30 billion dollars due to the coronavirus, the shares of airline companies were among the most falling shares in European stock markets today.

While the shares of the German airline company Lufthansa lost approximately 8 percent in value today, the shares of EasyJet decreased by 16.35 percent, Ryanair Holdings shares decreased by 13.46 percent and the shares of International Airlines Group (IAG), which owns British Airways, decreased by 9.15 percent. .

Analysts stated that there were sharp sales in the stock markets today due to the increase in deaths due to the new type of coronavirus (Covid-19) epidemic in Italy and the concern that the virus has become a “global problem”.

Stating that neighboring countries increased security on the Italian border, analysts said that all this caused an increase in risk perception and sharp declines in the stock markets.

Source: https://www.aa.com.tr/tr/ekonomi/avrupa-borsalari-koronavirusun-yayilma-endisesinin-gunu-sert-dususle-kapatti/1743661

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