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European Stocks Slump on Rising Coronavirus Fears

  • Italian stocks lead the declines among major regional indexes
  • Euro Stoxx 50 Volatility index surges most since ‘Volmageddon’
Bloomberg business news
Investors Need to Reprice Risk Amid Virus Spread: State Street
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European equities haven’t had such a bad day since the aftermath of the Brexit vote more than three years ago as increasing concerns over the economic impact of the coronavirus hurt travel and luxury sectors, and volatility spiked.