£5bn wiped off value of UK housebuilders

stock market

Fears over coronavirus outbreak prompt another mass sell-off with FTSE’s biggest one-day fall for 30 years

Share prices in major listed housebuilders have crashed for the second time this week on fears over the impact of the Coronavirus outbreak, knocking as much as one-quarter off their value in less than a week.

All the UK’s listed housebuilders recorded share price falls of more than 11%, wiping nearly £5bn off the value of the sector, amid turmoil on global stock markets. Barratt was the hardest hit, with a fall of more than 14% recorded in late trading.

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