European stock markets post strong losses at Tuesday close

By Tuba Sahin

ANKARA (AA) - All European stock markets closed Tuesday in the red as the Russia-Ukraine war sowed uncertainty.

The first round of Ukraine-Russia talks aimed at putting an end to the fighting ended with no immediate breakthroughs.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, lost 10.06 points, or 2.22%, to close at 443.04 on Monday at 17.40 GMT.

The UK's FTSE 100 index ended the day at 7,330.20, falling 128.05 points, or 1.72%.

Germany's DAX 30 was down 3.85% -- 556.17 points -- to reach 13,904.85 points.

France's CAC 40 lost 3.94%, or 262.34 points, to 6,396.49 points.

Italy's FTSE MIB was the worst performer, losing 1,052 points at the close, or 4.14%, to 24,363.56 points, while Spain's IBEX 35 lost 291 points, or 3.43%, to reach 8,188.2 points.

On the other hand, Turkiye's BIST 100 index closed at 1,969.91 points, up 1.22%.

Major Asian stock markets also closed Tuesday with gains.