European stocks extend losses on fear of virus pandemic

London (AFP) – European stock markets fell further on Tuesday but declines in midday trading were far less than during a major sell-off a day earlier.World equities suffered dizzying declines Monday, sparked by fears that the COVID-19 outbreak could derail the global economy.More deaths and a surge in new coronavirus cases in Iran, Italy, Japan and South Korea has fanned fears of a pandemic.Tokyo’s main stocks index closed Tuesday with a hefty 3.3-percent loss as traders caught up with global markets after a Japanese public holiday Monday.Other Asian equity markets recovered a bit meanwhile, w…

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