European stocks close in red as exchanges lose more than 1% each

European stocks ended Wednesday in the red as major exchanges lost more than 1% apiece.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, fell 4.87 points, or 1.07%, to finish at 451.76.

The UK’s FTSE 100 lost 75 points, or 1.01%, to end the session at 7,446. Germany’s DAX 30 shed 244 points, or 1.54%, to 15,664.

France’s CAC 40, meanwhile, decreased 111 points, or 1.54%, to close at 7,098.

Italy’s FTSE MIB was the worst performer of the day, plummeting 524 points, or 1.97%, to 26,051.

Spain’s IBEX 35 trimmed 117 points, or 1.28%, to end at 9,050.