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Volkswagen removed from Euro Stoxx 50

Volkswagen was removed from the Euro Stoxx 50 after its shares fell to a 16-year low, the Financial Times reported. The ejection from Europe's blue-chip index added to pressure on the German carmaker, which the outlet described as crisis-hit. The RSS material did not identify the replacement company or effective date.

Why it matters

Index removal can trigger selling by passive funds and underscores the depth of investors' concerns about Volkswagen.

Sources

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