Ukraine Conflict Drives European Stocks to 1-year Lows, Automakers Plunge

Ukraine Conflict Drives European Stocks to 1-year Lows, Automakers Plunge
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, on Feb. 22, 2022. Timm Reichert/Reuters
Reuters
Updated:

European stocks sank to near 1-year lows on Friday, as auto and bank stocks took a battering on reports of a nuclear power plant on fire amid fierce fighting between Ukraine and Russian troops.

The pan-European STOXX 600 index fell 2.8 percent, on course for its worst weekly decline since the pandemic fuelled selloff in March 2020.