European Stocks Slump To 3-month Low As China Woes Deepen

European stock markets moved sharply lower at the open on Thursday on the back of more turbulence in China, where markets were halted for trade after significant losses. This is the second time this week newly-implemented circuit breakers in China have been triggered by steep falls in the stock market. In Europe, the Stoxx Europe 600 index slumped 2.2% to 346.66, setting in on track for its lowest close since September. Germany's DAX 30 index [x: dx:dax] lost 2.7% to 9941.28, sliding below the 10,000 level for the first time since mid-October. The U.K.'s FTSE 100 index gave up 1.8% to 5,955.45, while France's CAC 40 index dropped 2.2% to 4,380.63. Italy's FTSE MIB fell 1.9% to 20,045.32.

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