News

The Eurozone STOXX 50 index provisionally closed down 1.18% at 5,582.53 points. The FTSE Eurotop 300 index provisionally closed down 1% at 2,322.21 points.

The French stock index provisionally closed down 0.52%, the Italian stock index provisionally closed down 0.62%, the banking index fell 1.55%, and the UK stock index provisionally closed down 1.18%.

BlockBeats News, March 27: The Kobeissi Letter stated, "Institutional investors net sold $11 billion in US stocks last week, marking the largest weekly sell-off in nearly 5 weeks. In the preceding three weeks, institutions had been net buyers, with a total scale of $12.6 billion." Meanwhile, hedge funds net bought $1.8 billion in US stocks, ending four consecutive weeks of selling; retail investors net sold $80 million, marking the third net selling in the past 10 weeks. Overall, US stocks saw a net outflow of $9.3 billion last week, higher than the $1 billion outflow from the previous week, bringing the cumulative outflow over the past 16 weeks to $25.5 billion. Among them, individual stock outflows reached $8.3 billion, marking the fourth largest weekly outflow since 2008; ETF outflows were $1.1 billion, the highest in nearly 6 months. Institutional investors are gradually shifting to a wait-and-see position."