European Stocks Pummeled on China Woes as DAX Falls Below 10,000
- VStoxx Index heads for biggest weekly jump since April
- Stoxx 600 mining shares fall to lowest level since 2009
Global Market Turmoil From China's Yuan Devaluation
This article is for subscribers only.
European stocks fell for the third time in four days, mirroring declines that shook global equities in August, as they extended the worst start to a year since 2000 amid a China-fueled selloff in mining and energy shares.
Europe’s equities have tumbled 5.3 percent in the first four days of the year, and companies with the most sales in the world’s second-biggest economy are bearing the brunt. Anglo American Plc and Glencore Plc slid 8.3 percent or more today, pushing a gauge of miners to its lowest level since 2009. Carmakers fell to to the lowest since October.