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European shares slump on Malaysian plane crash, Russia concerns

Published on Jul 18, 2014 12:39 AM

LONDON (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 per cent 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.

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