European markets fall amid heightened global growth fears; Valeo tanks 19%

Business


Market focus is largely attuned to another batch of earnings results on Friday, after a turbulent week of trading worldwide.

Financial markets have been hit hard by a range of worries, including the U.S.-China trade war, a rout in emerging market currencies, rising borrowing costs and bond yields and economic concerns in Italy.

In Asia, stocks tumbled to 20-month lows on Friday. MSCI’s broadest index of Asia-Pacific shares, excluding Japan, dropped 1 percent. The losses came despite a bounce on Wall Street overnight, though Amazon and Alphabet Inc both fell sharply after the closing bell following disappointing quarterly results.

— Reuters contributed to this report.



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