The Stoxx Europe 600 Index dropped as much as 10% after the ECB’s decision to keep key rates unchanged, while boosting quantitative easing and liquidity tools. All 19 industry groups tumbled at least 9%, the travel and leisure extending its streak as the current sell-off’s biggest loser with a 13% drop.
European stocks have tumbled since last month’s record high, with the global policy response so far inspiring little confidence that the fallout from the spreading virus will be contained.
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