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European markets ended mixed on Wednesday after seesawing for much of the session, with indexes pressured by a staggering slump in Greek banking stocks.
Greece's Athens Composite index closed more than 9 percent lower, with its four main banks—Bank of Piraeus, Alpha Bank, National Bank of Greece and Eurobank—all ending more than 25 percent lower. This follows the victory of the far-left Syriza party in Greece on Sunday, which has raised fears of a sovereign default that could hit Greek banks hard.
However, Europe's top-performing stock was Electrolux. Its shares hit a record high and closed around 12 percent higher after the home appliance maker posted a slightly-better-than-expected rise in core earnings for its fourth quarter.
Another strong performer was Nordea, whose shares closed around 8.8 percent higher after the lender reported a profit rise and upped its dividend for the year.
Away from individual stock news, a forward-looking German consumer confidence survey hit a 13-year high for February, GfK reported on Wednesday morning.
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