By Steve Goldstein, MarketWatch
European stocks took a step back on Thursday, with the impact of the coronavirus outbreak again proving a headwind.
The Stoxx Europe 600 index (STOXX:XX:SXXP) slipped 0.3% as China for a second time revised how it counts daily infections, while South Korea told 2.5 million people to stay home after reporting its first death.
Air France-KLM (MIL:IT:AF) shares dropped 4.6% as the airline said the virus impact will cost the airline from 150 million to 200 million euros through April.
Telefónica (MCE:ES:TEF) shares dropped 3.8% as the Spanish telecom giant swung to a loss after pulling out of some Latin American markets and selling 10 data centers.
AXA (PAR:FR:CS) shares fell 3.4% as the French insurer reported a profit below expectations on the costs of restructuring.