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European Stocks Drop Most Since Brexit Vote Amid Global Rout

A pedestrian walks past skyscrapers including, left to right, the Leadenhall building, also known as the "Cheesegrater," the Aviva Tower, 30 St Mary Axe, also known as "the Gherkin," and The Scalpel in London, U.K., on Friday, July 6, 2018. U.K. Prime Minister Theresa May is about to unveil in more detail than ever the kind of divorce from the EU she thinks the country, Parliament and Brussels will accept, with a policy document called a "white paper."

(bloomberg)

(Bloomberg) -- European equities tumbled on Thursday, with the Stoxx Europe 600 ending 3.1% lower, its worst session since the sell-off of June 27, 2016 in the wake of the Brexit vote, as investors fled stocks worldwide amid economic and trade concerns.

The Stoxx 600 has fallen to a level not seen since December 2016, with all sectors deeply in the red on Thursday, while Germany’s DAX slipped into bear market.

Investors sold off equities as the arrest of the chief financial officer of tech giant Huawei Technologies Co. fueled concerns about U.S.-China tensions.

To contact the reporter on this story: Ksenia Galouchko in London at kgalouchko1@bloomberg.net

To contact the editors responsible for this story: Blaise Robinson at brobinson58@bloomberg.net, Jon Menon

©2018 Bloomberg L.P.

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