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

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February March 16, 2020. REUTERS/Staff

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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