European stocks fall over 1% at close

By Ovunc Kutlu

ISTANBUL (AA) - European stocks declined more than 1% apiece to close Tuesday with losses.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European markets in 17 countries, was down 4.89 points, or 1.1%, at 440.70.

Germany’s DAX 30 lost 162 points, or 1.06%, to finish the day at 15,085. France’s CAC 40 fell 71 points, or 1.01%, to 6,997.

Spain’s IBEX 35 was the worst performer of the day, decreasing 153 points, or 1.65%, to end the second trading day of the week at 9,165.

Italy’s FTSE MIB declined 367 points, or 1.32%, to 27,482 at the closing bell.

The UK’s FTSE 100, meanwhile, trimmed by 40 points, or 0.54%, to close at 7,470.