Panic sentiment in European stock markets is rising, and the Volatility index has reached a recent high.

According to ChainCatcher news and Jin10's report, market risk appetite has sharply cooled under the shadow of risk aversion, putting pressure on almost all asset classes. The volatility indicator of the Eurozone stock market—the Euro Stoxx volatility index rose by 2.4 points to 22.6, reaching its highest level since the big dump of U.S. regional banks in mid-October, although the index is still far below the peak of 53.5 set in April.