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European Stocks Hit Five-Month Low

M. Ali 28 October, 2020 9:10 pm Global Stock Market, Market Update

European stocks closed lower on Wednesday, registering huge losses on news that France and Germany are planning new lockdown measures to curb the new wave of the Coronavirus (COVID-19) pandemic.

STOXX Europe 600 index plunged by 2.95% to close at 342.17, its lowest level since late May.

The UK’s FTSE100 closed lower by 2.55%.

Meanwhile, the French CAC40 and the German DAX declined by 3.37% and 4.17%, respectively.

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