Stocks sank to one-year lows in Europe on Friday when bonds, commodities and crude rallied as investors ran for cover in the face of escalating war in Ukraine, with Russia seizing a big nuclear plant.
The rout in Asian and European stocks were set to spillover into Wall Street, with U.S. stock index futures down about 0.7%.
The STOXX index of 600 European companies was sank 3% to 424 points, its lowest levels since late March last year, leaving the benchmark down 14% in correction territory, meaning 10% or more below its January record high.
Euro zone banks, whose exposures to Russia are
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