European Stocks Tumble to May Low as New Lockdown Fears Spread
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European equities fell the most in a month, with the DAX Index entering a correction as Germany and France prepared for harsher coronavirus-related restrictions.
The Stoxx Europe 600 Index dropped 3% to close at its lowest level since May 22. All 20 sectors were in the red, with cyclicals such as autos, construction and miners leading losses. The DAX fell 4.2%, taking its drop since an October high to more than 10%. France’s CAC 40 Index slid 3.4%.