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Feb 28 (Reuters) - European shares dove 3% on Friday,
sliding deeper into correction territory, as investors feared a
global recession is on the horizon with the coronavirus
spreading across the world.
The pan-regional STOXX 600 .STOXX was on track to record
its biggest weekly decline since the height of the global
financial crisis in 2008.
The index entered correction levels on Thursday, a 10%
decline from its recent peak, along with markets in the United
States and Asia.
Four more countries reported the first cases of coronavirus,
pushing the number of countries outside China, the source of the
outbreak with infections, to 55. The death toll in Italy, Europe's worst-hit country, rose to
17 and the number of people infected rose by more than 200 to
Among the major sectors, miners .SXPP , travel & leisure
stocks .SXTP and technology .SX8P were the biggest
decliners, down between 3.8% and 4.1%