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 /zigman2/quotes/210599654/delayed XX:SXXP +1.57% 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 /zigman2/quotes/208325626/delayed IT:AF -2.15% 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 /zigman2/quotes/200416613/delayed ES:TEF -1.01% 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 /zigman2/quotes/202169431/delayed FR:CS +1.45% shares fell 3.4% as the French insurer reported a profit below expectations on the costs of restructuring.