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European stock markets closed sharply in the red on Wednesday as Credit Suisse shares crashed to a historic low on renewed concerns over the banking sector.
London’s FTSE 100 sank 3.8 percent to 7,344.45 points, the Paris CAC 40 dropped 3.6 percent to 6,885.71 and the Frankfurt DAX lost 3.3 percent to 14,735.26.