By Reuters

German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 25, 2025. REUTERS

(Reuters) - European shares turned lower on Tuesday after a shock profit warning from Novo Nordisk (NOVOb.CO) wiped more than 80 billion euros ($92.34 billion) off the heavyweight drugmaker's market value at one point.

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Europe's region-wide STOXX 600 index (.STOXX)  took a hit, up around 0.3%, having traded as much as 1% higher before the news broke. Copenhagen's OMX (.OMXC20) index was last down more than 10% with Novo falling almost 30% at one point.

($1 = 0.8663 euros)

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