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    European stocks fall sharply on recession fears

    HotNewsTurkey with wires
    24.10.2008 - 13:38 | Son Güncelleme:

    European share markets have all fallen sharply on renewed recession fears, following an earlier sell-off in Asia.

    Stock markets across Europe were deeply in the red on Friday.

    London's FTSE 100 index of top shares plunged by more than nine percent on Friday as data revealed that Britain's economy shrank in the third quarter, placing it on the brink of recession.

    In late morning trading, the capital’s FTSE 100 index of leading shares dived as low as 3,715.24 points -- which was the lowest point since 2003.

    Frankfurt’s DAX 30 index crashed by 10.13 percent to 4,061.66 points in midday trading on Friday as investors dumped shares in panic amid a European-wide selloff.

    France's CAC-40 stock index plummeted 8.82 percent to 3,018.83 points in mid-day trading Friday

     

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