Europe Markets: European stocks break 3-day win streak after North Korea tests its nuclear arsenal

European stock markets dropped across the board Monday, with so-called risk assets rattled after North Korea conducted a nuclear bomb test and was said to be preparing for a possible launch of another intercontinental ballistic missile.

The Stoxx Europe 600 index SXXP, -0.52% fell 0.5% to close at 374.20, snapping a three-session winning streak.

The decline in stocks came after North Korea on Sunday conducted its sixth and most powerful nuclear test. On Monday, media reports from South Korea said Pyongyang appeared to be making preparations for the possible launch of another long-range ballistic missile.

“Another week, another provocation, as North Korea re-emerges as the key driver of market sentiment,” said IG market analyst Josh Mahony in a note.

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