European shares hit two-week lows

European shares fell to their lowest in two weeks on Tuesday after a lack of fresh details on China’s stimulus measures sparked a sell-off in sectors linked to the world’s second-largest economy, such as mining and luxury goods.

The pan-European STOXX 600 index fell about 1%, touching its lowest since Sept. 23.

The mining sector was the biggest loser in Europe, down 3.7%, as copper and iron ore prices fell after optimism over stimulus measures by the world’s biggest consumer China faded.

Luxury stocks, which derive a large portion of their revenue from China, fell between 3.1% and 5%.