European Stocks Fall Most Since June on Fears Over Lockdowns
- Germany’s DAX plummets 4.4%, while U.K.’s FTSE 100 down 3.4%
- Banks, travel & leisure shares sink more than 5% each
This article is for subscribers only.
European stocks tumbled the most since June 11 on Monday, hit by mounting worries there could be new lockdowns as coronavirus cases surge, while banks slumped after a cache of leaked documents suggested increased scrutiny on suspect transactions.
The Stoxx Europe 600 Index dropped 3.2% to close at its lowest level since July 31, while Germany’s DAX sank 4.4%, the most since June 11. Banks and travel and leisure shares were the worst industry performers amid lockdown concerns, sinking more than 5% each.