European stocks dive more than 1% apiece

By Ovunc Kutlu

ISTANBUL (AA) — European stock exchanges closed Friday with more than 1% losses each, a day after plummeting to their lowest levels in seven months.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European markets in 17 countries, fell six points, or 1.36%, to finish the day at 433.73.

The UK's FTSE 100 dropped 97 points, or 1.3%, to finish the week at 7,402.

Germany's DAX 30 was the worst performer of the day, diving 246 points, or 1.64%, to 14,798.

France's CAC 40, meanwhile, fell 105 points, or 1.52%, to 6,816. Italy's FTSE MIB lost 389 points, or 1.4%, to 27,357.

Spain's IBEX 35 declined 117 points, or 1.29%, to end the day at 9,029.