Safe to say that Europe has got the memo.

Stocks here have closed sharply lower — the worst day since the aftermath of the Brexit vote in the summer of 2016 — in line with the global blow to markets stemming from the arrest of a senior Huawei executive.

The broad Stoxx 600 index shed 3.1 per cent, its biggest pullback since June 27, 2016, during a period marked by turbulent trade in response to Britain’s shock decision to exit the EU.

In the UK, the FTSE 100 closed down 3 per cent on Thursday at the lowest levels since late 2016. France’s CAC 40 and the German Dax index suffered a similar decline.


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