Citigroup sale hits European stock markets with “Flash Crash”


Several European stock markets suffered a “flash crash” on Monday morning following sales orders from Citigroup Inc., according to people familiar with the matter.

Trading was temporarily halted in several markets after major stock indices plunged for a few minutes just before 10 a.m. Central European time. Equities in the Nordic region were hardest hit, although other European equities also fell briefly on a day when stock prices around the world fell.

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