European shares slump on Malaysian plane crash, Russia concerns

jueves 17 de julio de 2014 12:31 GYT

* FTSEurofirst 300 closes down 1 pct at 1,363.19 points

* Stock markets fall as Malaysian plane crashes in Ukraine

* Airline stocks fall

* Euro STOXX Volatility index surges 19.2 pct

By Sudip Kar-Gupta

LONDON, July 17 (Reuters) - European shares slumped on Thursday, sharply extending losses at the end of the trading day on news that a Malaysian passenger plane had crashed in Ukraine near the Russian border.

The crash revived investors' fears over tensions between Ukraine and Russia. The European Union and United States have slapped new sanctions on Russia over what Washington says is Moscow's failure to curb violence in Ukraine.

The pan-European FTSEurofirst 300 index closed down by 1 percent at 1,363.19 points.

Germany's DAX, which hit a record high of 10,050.98 points in late June, fell 1.1 percent to 9,753.88 points while France's CAC declined by 1.2 percent to 4,316.12 points.   Continuación...