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IBEX 35 plummets almost 7% to the coronavirus

IBEX 35 closed its session on Monday with a fall of almost 7% 6.87%, in particular, being below the psychological barrier of 8,000 points. The impact of the coronavirus and the oil war between Russia and Saudi Arabia have caused the Spanish stock market to record its highest decline since the outbreak of the epidemic.

According to the first data update, tOther IBEX 35 companies have opened the day with red numbers on the parquet floor. The most punished is Banco Sabadell, down 10.63% of Acciona (-9.24%), Ferrovial (8.4%) and IAG (7.59%).

In the other hand, oil prices saw a 30% decline on Monday. The fall comes after Russia and Saudi Arabia failed to reach an agreement to reduce barrel production due to the economic slowdown caused by the coronavirus.

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