European shares hit 9-mth low; banks extend falls

LONDON, May 25 (BestGrowthStock) – European shares extended falls on
Tuesday, hitting their lowest level in nine months, on concerns
over the euro zone’s banking system after the Bank of Spain took
over a small savings bank on the weekend.

By 1005 GMT, the pan-European FTSEurofirst 300 (.FTEU3: )
index of top shares was down 3.3 percent at 941.11 points, its
lowest level since Aug. 20, 2009.

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(Reporting by Harpreet Bhal)

European shares hit 9-mth low; banks extend falls