European stock markets closed in the red on Tuesday, with shares suffering their worst single-day drop in three months as a selloff gains pace amid geopolitical tension in Eastern Europe.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, plummeted 18.08 point, or 3.81%, to close at 456.36

London’s FTSE 100 lost nearly 197 points, or 02.63%, to end at 7,927.

Germany’s DAX 30 declined 592.75 points, or 3.80%, to close at 15,011, while France’s CAC 40 slipped 280.8 points, or 3.97%, to 6,788.

Italy’s FTSE MIB 30 was the worst performer of the day, falling 1,088 points, or 4.02%, to close at 25,973. Spain’s IBEX 35 dropped 276.9 points, or 3.18%, to finish at 8,417.

Copyright 2022 Anadolu Agency. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.