European
shares dropped to one-week lows on Tuesday as mounting geopolitical
tensions following the downing of a Russian warplane near the Syrian
border pushed investors out of risky assets like equities.
Travel
stocks were among the hardest hit following a U.S. travel warning,
while sentiment was also depressed by disappointing updates from
companies such as Zodiac Aerospace .
The
pan-European FTSEurofirst 300 index closed down 1.3 percent after
falling by as much as 2 percent. Last week the index touched a
three-month high on ECB monetary stimulus hopes.
The
STOXX Europe 600 Travel and Leisure index, was the top sectoral
decliner in Europe. Its 2.3 percent fall came after the U.S. State
Department issued a global alert for Americans planning to travel
following deadly attacks in France and Mali, citing "increased terrorist
threats".
Source: Reuters
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