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European markets close lower as investors monitor coronavirus and stimulus measures


Friday, 27 March 2020 23:45 WIB

Indeks Stoxx Europe 600


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European stocks closed lower Friday as investors monitored the spread of coronavirus while policymakers scrambled to agree on a unified response.

The pan-European Stoxx 600 closed down 3.2%, with banks and autos dropping more than 5% to lead losses as all sectors and major bourses slid into negative territory.

European Union leaders on Thursday failed to agree on how best to shore up economies hammered by the coronavirus, which has now infected more than 533,000 people worldwide, according to data compiled by Johns Hopkins University.

Source: CNBC


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