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European stocks sink further as pandemic fears hit buying

Ambar Warrick

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European shares ended at their lowest in nearly two months on Tuesday as concerns over a coronavirus pandemic roiled markets which had already marked enormous losses in the prior session.

The pan-European STOXX 600 index ended 1.8 per cent lower as the virus' spread to shores beyond China made investors swiftly reassess its potential economic impact. The STOXX has seen nearly $US700 billion ($1.06 trillion) wiped off its value since Friday's close.

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Reuters

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