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European stocks slide to 1-month low on China slowdown fears

April 25, 2022

Commodity stocks slumped 6% on Monday, leading sharp declines across European stock indexes as worries about an economic slowdown in China and rapid U.S. interest rate hikes overshadowed relief from French Presidential election results.

As investors flocked to the safety of bonds, the continent-wide STOXX 600 index dropped 1.8% to close at its lowest since mid-March. [GVD/EUR] (L)

China-exposed sectors such as miners, oil & gas and luxury stocks were among the top decliners as fears grew that Beijing was on the verge of joining Shanghai in pandemic-related lockdowns.

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