World shares mostly lower after Dow drops more than 1,000
Spanish officials say a hotel on the Canary Island of Tenerife is under quarantine after an Italian doctor tested positive for the COVID-19 virus.
“What was largely a Chinese issue to resolve has soon become an international problem, with European eyes transfixed on Italian efforts to curb the spread of the virus,” said Joshua Mahony, senior market analyst at IG.“Fears over a potential coronavirus contagion throughout Europe is likely to provide substantial risk-off sentiment for days and weeks to come, with significant pressure on the Italians to stop this outbreak from spreading throughout the continent.
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