Global Stocks Extend Losses as Virus Fears Deepen

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Global Stocks Extend Losses as Virus Fears Deepen
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Stocks tumble in Europe and Asia as fears over the coronavirus deepen

Global stocks continued a course of steep selloffs Wednesday as concerns over the economic cost of the new coronavirus gathered pace.

Regional indexes fell across Europe and Asia. The pan-continental Stoxx Europe 600 dropped 2.1%, with Germany’s DAX index leading losses with a fall of 2.2%. Both the DAX and Japan’s Nikkei 225, which shed 0.8%, reached their lowest levels since October. Australia’s S&P/ASX 200 dropped 2.3% and Korea’s Kospi retreated 1.3%.

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