Stocks around the world were hit on Monday as fears intensified over China’s virus outbreak and the economic impact on the luxury and travel sectors.
The FTSE 100 fell 1.4% to 7,485 points and the FTSE 250 was off 1.1% at 21,490 points. European markets saw falls of between 0.9% and 1.5%. In Japan, the Nikkei 225 dropped 2% while markets in China and Hong Kong were closed for a holiday.
Miners were weak as base metal prices and oil prices slumped while there was demand for perceived haven gold which hit a two week high.
Kaz Minerals (KAZ) and Rio Tinto (RIO) were 5% lower at 455p and £42.44 respectively, while shares in cruise ship company Carnival (CCL) were down 4% at £32.93. Shares in airline International Consolidated Airlines (IAG) were down 5% to 592p.
Shares in guarantor lender Amigo (AMGO) slumped 35% to 44.45p on news that founder James Benamor who controls 60.6% of the shares, had appointed RBC Capital Markets to look into selling all or parts of the business, including the potential delisting of the shares.
The company, which focuses on the science, technology, engineering and mathematics sectors, declared a full-year dividend of 15.3p per share, up 6% on-year.
One of the few stocks on the positive side of the ledger today was low-cost African airline Fastjet (FJET:AIM), up 3% to 0.18p, after the company said performance over the peak holiday season had met expectations.
Safestyle UK said its revenue in the second half period was up about 11% on-year, with monthly profits delivered across most of the second half.
A full list of risers and fallers can be found HERE.