Europe shares sink further to hit 8-month low

LONDON (BestGrowthStock) – European shares hit an 8-month low on Friday as contagion of the euro zone sovereign debt crisis rattled investors’ nerves.

By 1436 GMT (10:36 a.m. EDT), the pan-European FTSEurofirst 300 (.FTEU3: ) index of top shares was down 4.4 percent at 962.89 points after earlier hitting a low of 957.73 — the lowest since September 2009. The index has lost 14 percent over the past three weeks.

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(Reporting by Joanne Frearson)

Europe shares sink further to hit 8-month low