European Stocks Plunge Amid US Tariff Fallout
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European stocks tumbled on Wednesday, reversing Tuesday's gains, as US tariffs took effect. The Stoxx 600 index dropped 2.55%, with banking, mining, and oil & gas sectors leading the decline. France's CAC 40 fell 2.6%, Germany's DAX 2.1%, and the FTSE 100 2%. Concerns over escalating trade tensions and further tariffs fueled market uncertainty.
European stocks tumbled on Wednesday, reversing Tuesday's gains, as US tariffs took effect. The Stoxx 600 index dropped 2.55%, with banking, mining, and oil & gas sectors leading the decline. France's CAC 40 fell 2.6%, Germany's DAX 2.1%, and the FTSE 100 2%. Concerns over escalating trade tensions and further tariffs fueled market uncertainty.
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