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European stocks slide to six-month low after North Korea missile launch

Safe havens strengthen, while equities are the casualties of a sell-off following the launch of a missile over Japan

European stocks slide to six-month low after North Korea missile launch

Germany’s DAX stock index took a bruising as European equities fell to their lowest in more than six months, after North Korea’s missile launch over Japan jangled investors’ nerves and the euro rose, MarketWatch reports.

The Stoxx Europe 600 index dropped 1.5% to 366.86, on course for its lowest close since early February, FactSet data showed. The pan-European benchmark was also set for its worst percentage drop since late September 2016. No sector rose on Tuesday, and consumer services and telecom shares lost the most ground.

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