European stocks slump
03-03-2009
Europe's main stock markets closed sharply lower on Monday, extending losses after another massive bailout for US insurer AIG and a huge cash call at bank giant HSBC spooked already nervous investors. In London, the FTSE 100 index of leading shares lost 5.33 percent, its worst finish since 2003. In Frankfurt, the DAX fell 3.48 percent and in Paris the CAC 40 tumbled 4.48 percent.
