European markets close down by 2%, dragged lower by the travel sector
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European markets closed sharply lower Tuesday, dragged down by travel and leisure shares, as investors digested inflation data.
The pan-European Stoxx 600 ended the session down by 2%, with travel and leisure stocks plunging 5.7% to lead losses, as all sectors and major bourses slid into negative territory.
The tumble comes after negative trading sentiment in Asia-Pacific markets overnight following a sell-off in tech stocks on Monday that weighed down major U.S. indexes.
Reference: CNBC
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