Paris stock exchange sinks amid political turmoil

The Paris stock exchange sank more than two percent Friday, erasing its gains for the year, as traders fret over the fallout from French President Emmanuel Macron’s decision to call snap elections.

The CAC 40 of French blue-chip stocks shed 2.4 percent to 7,519.78 points at around midday compared to the previous day’s close. It has now fall six percent for the week.

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