Global equity sell-off deepens and oil falls below $59 as death toll from coronavirus rises, sparking fears over economic impactStock markets in UK, Germany and France fall more than 2%SummaryUK mortgage approvals hit 4 1/2-year high 1.57pm GMT Russ Mould, investment director at the stockbroker AJ Bell, says:The market is back in panic mode about China’s coronavirus. An extended lunar New Year holiday is nothing to celebrate for China, instead it represents an escalation of attempts to contain the deadly virus by restricting travel and locking down major cities. As the death toll rises, all eyes are on the World Health Organisation. So far it has resisted calls to declare the outbreak a health emergency. Should that change there could be restrictions on international trade and travel, putting pressure on a fragile global economy. 1.49pm GMT The sell-off on stock and commodity markets continues, as investors panic about the deadly coronavirus outbreak in China, which has spread to more than 10 other countries. Here is our markets story. Related: Global markets slide on back of coronavirus concerns in China Continue reading…
Via: Stocks and oil slump on fears over China virus outbreak – business live
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