European stock exchanges fall by more than 3% on concerns over coronavirus

Major European stock indexes on Thursday evening accelerated the pace of decline and are already falling by more than 3%. Experts note that the pressure on the exchanges is caused by concerns for the global economy, which is under pressure from the situation with the coronavirus.

In particular, the British FTSE 100 index falls by 3.02%, to 6824.55 points, the French CAC 40 – by 3.28%, to 5502.16 points, and the German DAX – by 3.1%, to 12357.11 points.

Investors continue to assess the risks of a slowdown in the global economy amid the continued spread of the coronavirus, which is becoming a pandemic. Coronavirus and related quarantine measures pose risks to many areas of the economy, including trade, transportation and tourism.