European exchanges end week with major losses

European exchanges end week with major losses

France’s CAC dives 1.51%; 4 exchanges lose more than 1% each

By Ovunc Kutlu

ISTANBUL (AA) - European stock exchanges plummeted Friday to finish the week with major losses.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European markets in 17 countries, was down 7.41 points, or 1.42%, to 514.26.

The UK’s FTSE 100 fell 98 points, or 1.19%, to close the session just below 8,230.

Germany’s DAX, meanwhile, decreased 282 points, or 1.49%, to end the last trading day of the week at 18,720.

France’s CAC 40 was the worst performer of the day, diving 115 points, or 1.51%, to 7,500.

Italy’s FTSE MIB declined 282 points, or 0.83%, to finish at 33,762.

Spain’s IBEX 35 lost 24 points, or 0.21%, to 11,753 at the closing bell.

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