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European financial markets fell Wednesday, and U.S. futures tilted lower, as the economic costs of the coronavirus spooked investors, a day after the Dow Jones industrial average slumped to its largest two-day percentage decline in two years.
London’s FTSE 100 index fell 0.7 percent, while the benchmark Stoxx 600 shed 1.2 percent and U.S. crude-oil prices slid below $49.50 a barrel. Earlier, losses in Asia were milder, with Tokyo ending the day down 0.8 percent and Hong Kong closing 0.7 percent lower.