LONDON (AFP) - European shares dived, after a bloodbath in the Tokyo stock market, sparked by renewed concerns over prospects for rising inflation and interest rates in the United States, dealers said.
In European trading on Tuesday, London's FTSE 100 index of leading shares slumped 1.55 percent to 5,534.00 points.
In Paris, the CAC 40 index of leading shares plummetted 1.83 percent to 4,636.69 points and Frankfurt's DAX 30 fell heavily by 1.71 percent to 5,303.39 points.
The DJ Euro Stoxx 50 index of leading eurozone shares sank 1.71 percent to 3,421.07 points.
The euro stood at 1.2586 dollars.
In line with many global stock markets, London, Paris and Frankfurt have now erased all of their 2006 gains.
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