European markets close higher as investors shake off coronavirus concerns
13 Aug 2020 | SET News
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European markets close higher as investors shake off coronavirus concerns
European stocks closed higher on Wednesday following a choppy start to trading, as investors continued to bet on an impending economic recovery from the coronavirus crisis.
The pan-European Stoxx 600 closed up by over 1.1%, with most sectors and major bourses in positive territory. Telecoms shares added 1.7% to lead gains while the travel and leisure sector bucked the positive trend with a 1% decline.