LIVE MARKETS-Opening snapshot: lots of virus losers, few winners

* European shares open down sharply

* STOXX 600 down 2%

* Fears of coronavirus pandemic grow

* Asian shares extend losses Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London and Danilo Masoni (danilo.masoni@tr.com) in Milan.

OPENING SNAPSHOT: LOTS OF VIRUS LOSERS, FEW WINNERS (0839 GMT)

It's deep red in Europe at the open. Major indexes are down around 2% or more, all sectors are losing ground and 96% of the STOXX is trading in negative territory.

Signs are growing that virus disruption is hurting corporate profits and top fallers are companies that posted disappointing updates.

The world's largest beer maker AB InBev missed expectations and flagged a Q1 virus impact, sending its shares down nearly 6% after , while advertising giant WPP is down 14% to the bottom of the STOXX after it missed profit expectations.

Online fashion retailer Zalando and industrial equipment company Aalberts also fell after results.

Among the rare gainers, Qiagen is up 3% after announcing worldwide shipments of virus test kits, while insurer RSA, which said the virus is not a major concern for its business, is up 2%.

(Danilo Masoni)

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ON OUR RADAR: VIRUS DAMAGE TO PROFITS (0746 GMT)

European stock futures are down around 2% this morning on growing signs that the spreading coronavirus epidemic is going to hurt corporate profits globally, sparing few sectors.

Bank Standard Chartered warned a key earnings target would take longer to meet as the epidemic added to headwinds in China and Hong Kong and the world's largest beer maker AB InBev forecast muted growth in 2020 due in part to the outbreak. Oil tanker Frontline warned of a near term hit to results, and jet engine maker Safran said its "high single digits" growth forecast hinged on disruption not extending beyond the end of March.

More signs of virus pain also for U.S. big tech and that could hurt suppliers here in Europe. Reuters reported that travel restrictions in China have clouded Apple's timeline for new iPhones, while its not yet clear if virus has affected production schedule. Microsoft said it would miss its quarterly revenue forecast for its Windows and personal computing business.

But the virus disruption also has some winners. Germany's Qiagen said it shipped a newly developed test kit, which detects the novel coronavirus, to four hospitals in China for evaluation. Its shares gained 4% in extended US trade, while London-listed BATM could rise 10% at the open after announcing it has developed a new diagnostics kit for the virus. In early Frankfurt trade breathing protection equipment maker Draegerwerk is up 1.5%.

Meantime, JP Morgan upgraded Wolters Kluwer saying that the information, software and services provider offers a safe haven against virus uncertainty.

In M&A, eyes on Nokia Oyj after a Bloomberg report said the telecom network equipment maker is exploring strategic options such as asset sales and mergers.

Other stock movers: NMC Health removes CEO amid investigation of UAE firm's finances (shares seen down 20%); Aston Martin's losses deepen, CFO to leave Zalando to expand in luxury fashion, offer second-hand range; Bayer targets 9.6% gain in 2020 adjusted EBITDA; Retailer Carrefour raises cost savings goal as 2019 core profits rise; LafargeHolcim sees 3-5% sales growth in 2020 despite China slowdown; Walmart in talks with possible buyers for Asda stake

(Danilo Masoni)

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THE SELL-OFF ISN'T OVER (0630 GMT)

Yesterday's V-shaped rebound on European equity markets should not lead into error: the coronavirus sell-off isn't over, as most new infections emerged outside China, raising the risks of a global pandemic that could hurt economic growth and profits.

Premarket calls from spreadbetters are pointing to another difficult session with IG expecting London's FTSE to open 168 points lower at 6,875, Frankfurt's DAX to open 315 points lower at 12,459 and Paris' CAC to open 136 points lower at 5,549.

Eurostoxx 50 futures are down 2.8%, although still above the lowest point hit in the previous session.

(Danilo Masoni)

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(Reporting by Danilo Masoni, Joice Alves, Julien Ponthus and Thyagaraju Adinarayan)