LONDON: Shares wiped out their gains in Europe for the year early on Thursday, soured by a sell-off on Wall Street, no end in sight to pandemic lockdowns and a squeeze in short positions.
Easyjet shares fell 2.3per cent after the airline warned it would fly no more than 10per cent of 2019's capacity, highlighting the plight of sectors hit by lengthy lockdowns. Some pointed a finger at U.S. retail investors who had forced a massive squeeze on hedge funds that held short positions in stocks such as GameStop.
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