Black day, the Chinese virus scares the markets

2020-01-21T11:22:24.647Z

European stock markets are worsening in the wake of epidemic fears caused by the new Chinese virus. Before the drops in the squares of Europe, there had been Asian thuds (in particular that of Hong Kong which lost almost 3%). To suffer more, the airline headlines and everything related to the tourism and travel sector. In the Old Continent the worst is precisely Piazza Affari, which yields over 1.3%. Down one point about London and Paris, while Frankfurt files losses to -0.40%. The luxury sector in Milan is heavily linked to exports to Asia. Ferragamo stock lost 2.8%, Moncler 2.3%. Oil-related stocks are also in the red, with the price of crude falling after the blaze on the eve.