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European Stocks Slump After Six-Year High on Ukraine

European stocks plunged the most in more than a month, retreating after reaching a six-year high last week, as investor concern increased that the escalating tension in Ukraine will hurt corporate earnings.

Companies with exposure to Russia led losses, with Carlsberg A/S, owner of the country’s biggest brewer, falling the most in more than a year. Roche Holding AG slipped the most since August 2011 after a data monitoring committee advised it to end a trial of a lung-cancer drug. Bouygues SA slid 1.8 percent after a report that the French construction and telecommunications company may bid for Vivendi SA’s phone carrier SFR.