European stocks plummet with Russia controlling largest nuclear plant

European stocks plummet with Russia controlling largest nuclear plant

Italy's FTSE MIB performs worst, shedding 6.24%

By Ovunc Kutlu

ANKARA (AA) - European stock exchanges plummeted to close Friday with massive losses amid rising risks surrounding Russia’s war on Ukraine.

Russia's taking control of Europe's largest nuclear power plant, Zaporizhzhia NPP, has caused worries for investors.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, fell 15.58 points, or 3.56%, to close at 421.78.

London's FTSE 100 decreased 251 points, or 3.48%, to finish at 6,987.

Germany's DAX 30 lost 603 points, or 4.41%, to end the day at 13,094, while France's CAC 40 was down 316 points, or 4.97%, to 6,061.

Italy's FTSE MIB was the worst performer, plummeting 1,494 points, or 6.24%, to close at 22,464.

Spain's IBEX 35 fell 290 points, or 3.63%, to 7,720.

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