March 16, 2020 / 9:42 AM / in 13 days

Europe's stock volatility gauge hits record levels, beats 2008 highs

A trader works at Frankfurt's stock exchange in Frankfurt, Germany, March 12, 2020. REUTERS/Ralph Orlowski

LONDON (Reuters) - The volatility gauge for euro-zone stocks .V2TX, widely known as ‘Europe’s fear index’, surged on Monday to record highs, beating the levels it hit at the height of the 2008 financial crisis.

The benchmark reached a high of 87.89 points with European shares tumbling over 8% as the coronavirus pandemic raged through the continent and dramatic monetary easing by global central banks failed to reassure investors.

Reporting by Julien Ponthus; editing by Thyagaraju Adinarayan

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