Miners Lead 2nd Day of Europe Stock Slide on Global-Growth Worry
- Stoxx 600 deepens drop after rising to five-week high
- Burberry rallies amid speculation it may attract bid
European Stocks Slide for Third Day
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European stocks fell further from a five-week high, dragged down by equities that led the recent rebound, amid renewed worries about the outlook for global growth.
Commodity producers slid the most, snapping a seven-day winning streak, followed by carmakers. Gains in those industries have pushed up the Stoxx Europe 600 Index as much as 13 percent since a Feb. 11 low. The benchmark lost 1 percent at the close, after data that showed Chinese exports and Japan’s economy shrank. It briefly pared losses to 0.2 percent earlier, following oil moves, before resuming declines.