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European markets close sharply lower on global economic fears
Wednesday, 2 October 2019 23:13 WIB | MARKET UPDATE |Saham EropaStoxx Europe 600

European stocks moved sharply lower at the end of Wednesday™s session, after unexpectedly weak U.S. manufacturing activity stoked worries over the world™s largest economy.

The pan-European Stoxx 600 was down 2.7% to 377.52 at the closing bell, on course for its largest one-day fall for almost a month. Several sectors plunged more than 3%, with construction and material stocks leading losses as all sectors and major bourses traded firmly in the red.

The moves came as investors reflected on weaker-than-anticipated economic data out of the U.S., which was compounded by German economic research institutes slashing GDP growth forecasts for Europe™s largest economy.

U.S. manufacturing activity tumbled to lows not seen in over a decade, data published Tuesday showed, aggravating worries about a long-running trade dispute between Washington and Beijing.

Source: CNBC

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