European shares closed sharply lower, led by Spain, as a decline that started in the States...

|By:, SA News Editor

European shares closed sharply lower, led by Spain, as a decline that started in the States around 3 PM yesterday makes its way around the globe. Stoxx 50 -1.4%, Germany -1.1%, France -1.1%, Italy -0.3%, Spain -2%, U.K. -1%. Euro -0.2% at $1.3290.