MILAN (Reuters) – European shares turned lower on Tuesday after a shock profit warning from Novo Nordisk wiped more than 80 billion euros ($92.34 billion) off the heavyweight drugmaker’s market value at one point.
Europe’s region-wide STOXX 600 index took a hit, up around 0.3%, having traded as much as 1% higher before the news broke. Copenhagen’s OMX index was last down more than 10% with Novo falling almost 30% at one point.
($1 = 0.8663 euros)
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
