European stocks fell sharply Friday as the coronavirus outbreak continues to impact businesses worldwide.
The pan-European Stoxx 600 closed 3.6% was lower at 366.93, with oil and gas shares sinking 5.5% to lead losses as all sectors and major bourses slid into the red. The sector slipped as OPEC and its non-OPEC allies failed to agree an output deal to offset the impact of the coronavirus.
Global stocks have been hit by ongoing concerns over the outbreak. On Wall Street, equities sank sharply with the Dow Jones industrial average falling by 500 points. The S&P 500 and Nasdaq indexes were also in the red.
Source : CNBC