European shares sag as StanChart and Volkswagen drop

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European stock markets fell on Tuesday, pegged back by a drop in the shares of British bank Standard Chartered and carmaker Volkswagen.

The pan-European FTSEurofirst 300 index and the euro zone’s blue-chip Euro STOXX 50 index both declined by 0.2 percent.

Volkswagen’s shares fell 4.2 percent after U.S. environmental regulators said late on Monday it had used devices to cheat air pollution tests in diesel luxury vehicles.

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