France's CAC 40 and three other European stock indexes stopped working on Tuesday due to a technical fault, operator NYSE Euronext said, while markets fell sharply owing to separate eurozone debt pressures. The CAC 40 became unavailable at 0756 GMT, and the smaller Dutch AEX index, the Belgian Bel 20 and Portugal's PS120 also stopped working, due to technical problems that operators were investigating, NYSE Euronext told AFP.
Despite the fault in the price indexes, the stock exchanges themselves were functioning normally, it added. "It is a transmission problem that is preventing the index data from being communicated to clients," said a spokeswoman for the operator. "The trades are taking place on all the stocks. No prices have been suspended." She was unable to tell when the index might come back online, saying NYSE Euronext was working "to determine the reason for the technical indicent in order to resume the transmission as quickly as possible."
When the fault struck, the CAC 40 was down 2.36 percent at 3,717.70 points.The AEX was down 2.08 percent at 329.15 points, the Bel20 was down 2.61 percent at 2,401.80 points and the PSI20 down 3.09 percent at 6,633.74 points.
Other European stock markets and the euro also slumped in early deals on growing fears that the eurozone debt crisis will spread despite fresh measures aimed at preventing contagion, traders said. London's FTSE 100 index shed 1.90 percent to 5,816.57 points, also following heavy losses across Asia and overnight on Wall Street. Frankfurt's DAX 30 dived 2.69 percent to 7,038.96 points.
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