European equity markets have been swimming in a sea of red this month. They are down 16% from their recent 12-month highs, as measured by the Euro Stoxx 600.
Germany has led the sell-off -- its DAX index officially entered a bear market as it fell 22.03% from its 12-month high on April 10.
Among the remaining top five country weights in the Stoxx 600: U.K. equities have slipped 15.6% from their high on April 27, France’s CAC 40 is off 15% (also since April 27), Swiss stocks are down 11.1% from Aug. 5 and Spanish stocks down 16.3% from April 13.
But through Aug. 24, the Stoxx 600 is still green for the year, to the tune of 2.54%.
