All the major stock indexes of Europe lost more than 1%
European stocks declined to their lowest levels in more than a year and a half after the fall of the U.S. stock market amid concern about rising us yields, povolnovatsya massive sell-off of risky assets.
According to Reuters, all sectors in Europe traded in negative territory earlier in the session, while the main blow fell on the stocks of technology companies.
The tech sector fell 1.8%, despite the growth of Ingenico shares (a French company whose activity is to provide technologies related to secure electronic transactions) is 11.3%, after the French banking group Natixis announced that it is considering the possibility of merging its assets with assets of Ingenico.
The pan-European STOXX 600 dropped 1.7 percent, reaching its lowest level since the end of January 2017.
- In the USA there was a massive collapse of the markets. On 10 October, the dollar fell all stock indices: the S&P 500 fell by 3.3%, the Dow Jones 3.15%, and the Nasdaq by more than 4%. It happened in the waiting period of fresh statements for the third quarter of 2018, and some analysts blamed the fall indextb on it. Although most experts insisted that the objective reasons for a new crisis was not, and the index crashed through a global correction.
- According to Bloomberg, the market drops amid a trade war with China the United States, which fueled the scandal with a Chinese spy microchips in U.S. state institutions, as well as in Apple and Amazon.