European equities face a bloodbath in the opening hour

Main stock indices extend losses to over 8%

DAX

The pain train continues and this is looking to be a real ugly day for equities once again. The Stoxx 600 and DAX are down by over 8% currently, with the latter even falling to its lowest levels since 2013 as of trading now - falling by nearly 40% from the highs this year:

DAX 2
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