Tourism stocks have plunged further after several explosions hit Brussels in what are suspected to be terror attacks.
On the FTSE 100, airlines EasyJet and Ryanair were both down by more than 4%. British Airways owner International Airlines Group plummeted by almost 5% on Tuesday morning (22 March 2016). Air France KLM dropped 4.6% on Tuesday. European stock markets all sunk, something that often occurs after a large-scale attack.
Several news agencies are reporting that 13 people have been killed and 35 severely injured in the attack on Brussels airport. Many flights have been diverted in response, and the airport has been evacuated and closed down. After further blasts on the city’s Metro system, most public transport has been closed off as well.
In the UK, the FTSE 100 fell by almost 1% in morning trading, while Brussels’ own BEL 20 dropped by 1.6%. Both Amsterdam’s AEX and the CAC 40 in France dropped by more than 1.4%, while the German DAX plunged by 1.75%.