Euro Stoxx 600 index dropped 3.3% amid a global stock-market rout that followed the arrest of the CFO of the Chinese tech giant Huawei.
Thursday’s 3.3% loss was its biggest daily fall since June 24, 2016, the day after the UK voted to leave the European Union.
It’s close was the lowest since November 2016.
Elsewhere, US stocks plummeted. The Dow Jones Industrial Average shed 2.87%, or about 715 points.
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A closely watched benchmark for European stocks just endured its worst session in over two years Thursday, plunging as part of a global stock-market rout triggered by the arrest of the CFO of the Chinese tech giant Huawei.
The Stoxx 600 — which covers 600 companies in 17 different European countries, and is widely seen as the best Europe-wide proxy for market sentiment — lost 3.3% on the day, falling to its lowest level since November 2016.
That 3.3% loss was the biggest daily fall in the index since June 24, 2016, the day after the UK voted to leave the European Union.
The slump reflected global fears that Huawei CFO Meng Wanzhou’s arrest could reignite tensions between China and USA, less than a week after a …read more
Source:: Businessinsider – Finance