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FTSE 100 tumbles 1% as China virus scare hits stocks

Published 21/01/2020, 09:20
© Reuters.  FTSE 100 tumbles 1% as China virus scare hits stocks
UK100
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EZJ
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BRBY
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FTMC
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FTNMX301010
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UBSG
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 down 1%, FTSE 250 down 0.8%

* Spread of new SARS-like virus rattles markets

* UK jobs data eyed

* easyJet outperforms main index

Jan 21 (Reuters) - London's FTSE 100 skidded to a near

two-week low on Tuesday, with global markets rattled by the

spread of a new coronavirus in China, while traders eyed jobs

data which could dictate whether the Bank of England will cut

interest rates this month.

China reported a fourth death from the virus, which is being

likened to the deadly 2002/2003 spread of Severe Acute

Respiratory Syndrome (SARS), just ahead of the Chinese Lunar New

Year holiday. The FTSE 100 .FTSE shed 1%, as Asia-exposed Burberry

BRBY.L led losses with a 3.3% slide while financial stocks

.FTNMX8350 were also hit by Swiss bank UBS UBSG.S cutting

its mid-term targets. The FTSE 250 .FTMC gave up 0.8%.

However, low-cost airline easyJet EZJ.L outshone the

blue-chip bourse with a 2% rise after it forecast improvement in

its first-half winter performance.

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