European shares plunge after Wall Street's 'Santa Crash'
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MILAN (Reuters) - European shares tumbled on Tuesday after a sell-off on Wall Street, with oil stocks leading the drop as crude prices extended their losses and Royal Dutch Shell fell after reports of a possible acquisition.The pan-European STOXX 600 index was down 0.6 percent by 0857 GMT, getting closer to the two-year lows hit last week, as concern mounted over slowing economic growth.A speech by Chinese President Xi Jinping that investors had hoped could lift morale had no impact. Attention..