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European Stocks Plunge to Two-Year Low as Shock Waves Spread
European Stocks Plunge to Two-Year Low as Shock Waves Spread
06 Dec 2018, 04:32 PM IST
(Bloomberg) -- European equities slumped to the lowest since December 2016, led by technology and mining shares, as U.S. futures tumbled amid renewed trade war concerns.
(Bloomberg) -- European equities slumped to the lowest since December 2016, led by technology and mining shares, as U.S. futures tumbled amid renewed trade war concerns.
The Stoxx Europe 600 Index fell 2 percent at 10:48 a.m. CET, with all sectors in the red.
Investors sold off equities as the arrest of the chief financial officer of tech giant Huawei Technologies Co. fueled concerns about U.S.-China tensions.
To contact the reporter on this story: Ksenia Galouchko in London at kgalouchko1@bloomberg.net
To contact the editors responsible for this story: Blaise Robinson at brobinson58@bloomberg.net, Paul Jarvis
©2018 Bloomberg L.P.
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