FTSE 100 plunges as coronavirus spreads beyond China

clock • 3 min read

Stocks in London fell 3% this morning and the FTSE 100 plunged as the coronavirus continued its spread outside of China. In South Korea, where more than 230 new cases of the virus were confirmed over the weekend, the KOSPI index fell 3.9%. The won fell to its lowest value since August. In Europe, the London FTSE suffered its biggest fall since 2016, sliding more than 3%. Italy and the Middle East also reported a large increase in confirmed infections of the disease. Industry commentators warned of long term market disruption. Adam Vettese, an analyst at multi-asset investment platf...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.