0
LONDON, July 24: European stocks fell sharply on Tuesday following a weak opening on Wall Street and as some investors worried that US housing sector woes could spread to Europe.
“The 'subprimes' continue to haunt the financial and property sectors,” said one Paris market strategist, with French investors beginning to ask if Europe will be spared.
The London FTSE 100 index shed 1.90 per cent to close at 6,498.70 while in Paris the CAC 40 lost 1.69 per cent to finish at 5,907.47. In Frankfurt the Dax gave up 1.72 per cent to end the session at 7,806.79.—AFP
