European shares fell on Wednesday as investors feared that a resurgence in COVID-19 cases would quash hopes of a swift recovery in the global economy, while rising U.S.-China tensions also dented sentiment.
) dropped 5.8% after swinging to a loss in the first quarter as the COVID-19 pandemic drove up loan loss provisions.
The global mood tracked a grim overnight session on Wall Street after a top U.S. infectious disease expert warned that premature moves to reopen U.S. economy could have dire consequences.
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