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European stocks fall with earnings news overshadowed by coronavirus worries

January 30, 2020

European stocks were tracking heavy losses in Asian markets on Thursday, as the coronavirus death toll and number of infected climbed and concerns grew over how the fallout could dent the Chinese economy.

Virus worries overshadowed a scattering of positive earnings news and a corporate reshuffle that sent shares of Hennes & Mauritz climbing.

The Stoxx Europe 600 index SXXP, -0.92% fell 0.6% to 416.96, but off session lows after gaining 0.4% on Wednesday. The French CAC 40 PX1, -1.43% led the regional indexes lower, down 1%, while the German DAX 30 index DAX, -1.15% fell 0.8%.

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