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FTSE 100 tumbles again as coronavirus fears grow

Published 27/01/2020, 09:25
© Reuters.  FTSE 100 tumbles again as coronavirus fears grow
UK100
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BRBY
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FTNMX405010
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ICAG
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 down 1.5%, FTSE 250 down 1.1%

* Airlines, travel stocks among worst performers

* Finablr shines on the midcap index

Jan 27 (Reuters) - UK shares slumped on Monday as the

coronavirus spread globally and caused more fear with death

tolls more than tripling from last week, while midcap

constituent payments group Finablr outperformed.

The FTSE 100 index .FTSE , which had recovered on Friday

after the World Health Organisation issued a measured assessment

of the virus, stumbled 1.5% by 0808 GMT, set for its worst daily

performance since early December.

The midcaps were 1.1% lower, but Finablr helped contain some

losses as it jumped 9% after reassuring markets that it had

sought clarifications from BRS, an investment vehicle owned by

Shetty that pledged over half the company's stock as security

against certain debts.

News that China's death toll from the coronavirus discovered

at the end of last year has risen to 80 spooked investors and

dragged an index of leisure and airline stocks .FTNMX5750 down

nearly 2%. The sector is exposed to a slowdown in the travel

market because of the outbreak.

Some stock losers include British Airways owner IAG

ICAG.L , which dropped 5%, and China-exposed luxury brand

Burberry BRBY.L , down 4.8%.

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