European Stock Market Milan Market Exceeds 3% Decline at 4:45 on March 11
The European stock market on Tuesday was in key markets, with the spread of the new coronavirus beginning to limit movements throughout the country from this day, with the Italian Milan market falling more than 3%. Stock prices fell for the second day.
In the European stock market on the 10th, stock prices rose shortly after the start of trading as a result of widespread repurchase of stocks that had dropped sharply the day before.
However, alertness to the spread of the new coronavirus was persistent, and after that, sales orders were placed and prices gradually decreased.
In the end, the closing prices of the main market stock indices have dropped significantly compared to the previous day by around 3.3% in the Italian Milan market, where unusual measures to restrict the movement of people across the country have begun. It also fell by about 1.5% in the Paris market, about 1.4% in Frankfurt, Germany and about 0.1% in London.
Market officials say, "Financial markets remain volatile, with investors' concerns about the serious consequences for the European economy remaining strong."