January 31, 2020 / 10:09 AM / a month ago

European bourses turn negative after two UK virus cases

FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo

LONDON (Reuters) - European bourses gave up earlier gains and turned flat to negative, after the UK announced its first two cases of coronavirus on Friday.

The pan-European STOXX 600, which was trading in positive territory prior to the announcement, fell 0.1%.

Regional indexes such as Germany's DAX .GDAXI, France's CAC 40 .FCHI and London's FTSE were flat to slightly negative.

The World Health Organization (WHO) declared a global health emergency on Thursday following a coronavirus outbreak in Wuhan, China, which has spread to more than 9,800 people globally, surpassing the total from the 2002-2003 SARS epidemic.

Julien Ponthus, Joice Alves and Thyagaraju Adinarayan; Editing by Mike Collett-White

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