* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh
* Coronavirus death toll exceeds SARS
* European shares ease on virus uncertainty
* Dollar takes breather after rally last week
* Irish stocks fall after election result
By Ritvik Carvalho
LONDON, Feb 10 (Reuters) - Global shares fell on Monday as the death toll from a coronavirus outbreak exceeded the SARS epidemic of two decades ago, though Chinese shares rose as authorities lifted some work and travel curbs, helping businesses to resume operations.
The dollar took a breather, trading flat against a basket of peers after gaining over 1% last week. The greenback gained as a strong U.S. employment report stood in contrast to both the expected economic hit to China from the virus and weakness in the euro zone from weak German industrial numbers in December.
European shares edged lower as fears over the coronavirus' economic impact still weighed on sentiment. The pan-European STOXX 600 .STOXX index fell 0.3% in early deals, with the travel and leisure sector .SXTP the biggest decliner. .EU
Ireland's main index .ISEQ fell as much as 1.2%, dragged down by banks after Irish nationalists Sinn Fein secured almost a quarter of first-preference votes in a general election. All Country World Index .MIWD00000PUS , which tracks shares across 47 countries, was down 0.2%.
Shares in Asia registered a mixed performance.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS reversed some of its early losses but was still down 0.4%. Japan's Nikkei .N225 was off 0.6%, South Korea's KOSPI .KS11 was 0.5% weaker while Australia's benchmark index .AXJO eased a shade.
More than 900 people have so far died mainly in China's central Hubei province as of Sunday with most of the new deaths in the provincial capital of Wuhan, the epicentre of the outbreak. contain the spread, China's government had ordered lockdowns, cancelled flights and shut schools in many cities. But on Monday, workers began trickling back to offices and factories though a large number of workplaces remain closed and many white-collar workers will continue to work from home. the ongoing uncertainty, we continue to filter out the short-term noise and remain overweight emerging market equities," said Mark Haefele, chief investment officer at UBS Global Wealth Management in a note to clients.
"While we continue to monitor the risks to our position, we are optimistic that the decisive actions taken by governments will bring the outbreak under control."
The outbreak has killed more people than the SARS epidemic did globally in 2002/2003. The virus has also spread to at least 27 countries and territories, infecting more than 330 people overseas.
Over the weekend, an American hospitalised in the central city of Wuhan became the first confirmed non-Chinese victim of the virus. A Japanese man who also died there was another suspected victim.
U.S. stock futures were positive on Monday, however.
Stock markets have recovered some ground since the initial news of the outbreak impacted markets, as the rate of increase of reported cases appears to slow.
"Whether the coronavirus-related relief is lasting depends on whether this epidemic can ultimately be contained. The new global infections numbers hint at some stabilization suggesting that the speed of the spreading of this virus has come down," said Martin Wolburg, senior economist at Generali (MI: GASI ) Investments in a note to clients.
"The data imply that the spreading of the epidemic could stall by the end of February. Therefore, we view last week's equity market improvement as backed by fundamentals and continue to see the epidemic as a buying opportunity."
Also helping markets has been stimulus from China's central bank, which has taken a raft of measures to support the economy, including reducing interest rates and flushing the market with liquidity. From Monday, it will provide special funds for banks to re-lend to businesses working to combat the virus.
Despite the measures, analysts expect the world economy to take a hit from an expected slowdown in China.
"For now, our best guess is that the economic disruption related to the coronavirus will cost the world economy over $280 billion in the first quarter of this year," Capital Economics said in a note on Friday.
"If we're right, then this will mean that global (economic output) will not grow in q/q terms for the first time since 2009."
Elsewhere, in currencies, the euro EUR= staged a half-hearted bounce from four-month lows to be last at $1.0950.
Since Jan. 17, oil prices have fallen by 14% while copper is down around 10%.
Spot gold gained 0.3% to trade at $1,574 an ounce. XAU= GOL/
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