European Stocks Fall to Two-Week Lows

Brussels, 8 Oct (ONA) --- European stocks dropped to two-weeks lows today, as lack of fresh details over China's stimulus measures sparked a selloff in sectors linked to the world's second-largest economy such as mining and luxury.

The pan-European STOXX 600 index (.STOXX), opens new tab was down 1 percent, touching its lowest levels since 23 September 2024.

Miners (.SXPP), opens new tab fell the most among European sectors, down 3.7 percent, as copper and iron ore prices dropped after initial optimism over top consumer China's stimulus measures faded.

Chinese runaway stocks' rally began losing steam and Hong Kong shares slumped as officials disappointed markets by providing only a few specific details on plans to bolster the country's economy.

Among single stocks, Vistry (VTYV.L), opens new tab plunged about 30 percent after the British home builder cut its fiscal 2024 profit outlook, hurt by increased build costs in one of its divisions.

--- Ends/Khalid