European stocks falls as new coronavirus fears rise

In the eurozone, Frankfurt’s DAX 30 index also lost 1.6 percent to 13,359.03 points and the Paris CAC 40 dived 1.7 percent to 5,923.36.

According to Ava Trade analyst, Market participants in Europe have serious concerns about coronavirus as the death toll increased to 80 and more than 2,700 victims infected in China.

The analysts added the bottom line is that the virus has become deadly and it has caused a major panic in the industry.

Chinese officials have now confirmed more than 2,700 cases of the new strain of coronavirus, which originated in the city of Wuhan, with the death toll rising to 80 and 461 people in critical condition.