European Stocks Enter Correction on Russia’s Attack of Ukraine
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European stocks entered a technical correction Thursday as investors exited risk assets globally after Russian forces attacked targets across Ukraine.
The Stoxx Europe 600 fell 3.3% by the close at its lowest since May 2021, bringing total declines since a January record high to 11%. Banks were the worst performers, while energy stocks outperformed as Brent crude surged above $105 a barrel for the first time since 2014.