Shares have tumbled after US President Donald Trump restricted travel to the US from mainland Europe in a bid to slow the spread of the coronavirus.

London’s FTSE 100 index sank more than 6%, with similar declines seen in other European markets.

Earlier, stocks in Asia saw big falls, with Japan’s benchmark Nikkei 225 index closing 4.4% lower.

It followed steep losses in US shares on Wednesday, with the Dow Jones plunging by 5.8%.

In the UK, some of the biggest fallers in the FTSE 100 included travel companies such as the airline group IAG, which sank by 11%, and travel company Tui, down 9%.

The FTSE 250 index – which tends to include more UK-focused companies – was more than 7% lower.

Elsewhere in Europe, indexes in Paris and Frankfurt also dropped nearly 7%.

Oil prices also fell, with Brent crude down more than 5% at $33.91 a barrel.

Source: BBC News


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