STOXX 600 Falls 5.5%, DAX Drops 2% to 21,282.62, S&P/ASX 200 at 7,704.9 Points Amid Market Correction

The STOXX 600 Index has extended its weekly decline to 5.5%, marking its largest drop since February 2022. This decline follows a 4.5% drop earlier in the week, with the index now down 10% from its record closing high. The DAX Index in Germany fell 2% to 21,282.62, while Australia's S&P/ASX 200 Index decreased by 2%, reaching 7,704.9 points, the lowest level since early August 2024. Additionally, the Euro Stoxx 50 has also fallen 10% from its peak in March, indicating a broader market correction.