The flagship CAC 40 index fell 110.04 points to 6,258.36 points, its lowest closing level since March 11.
Over the week, it lost 4.22%, its worst drop since early March and the premises of the war in Ukraine.
Since January 1, it has lost 12.51%.
The Parisian rating started in the red, a trend which increased, not without volatility, after the publication of the employment report in the United States at 2:30 p.m. GMT.
"The psychology of the market is clear, it's been a long time since the level of pessimism has been this high," comments Franklin Pichard, managing director of Kiplink Finance.
China weighs down luxury and JCDecaux
While voices have been pleading in recent months for an easing of restrictions, President Xi Jinping called on Thursday to continue the zero Covid policy and "resolutely fight" anything that "questions" this strategy, according to the new China agency.
Companies that export to China, such as Pernod Ricard (-5.29% to 182.55 euros), Hermès (-3.16% to 1,042 euros), Kering (-2.76% to 457.90 euros), continued to be under pressure.
The three CAC 40 luxury companies are in the four worst stocks of the week and have lost around 10%.
The display giant JCDecaux has announced that it expects a slowdown in its growth over the rest of the financial year due to repeated confinements in China.
It fell 10.26% to 17.24 euros.
© 2022 AFP