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Asian stock markets slip, European see slight recovery

EconomyAsian stock markets slip, European see slight recovery

Asia (The Times Groupe)- Asian stock markets were almost all negative on Tuesday, with only China showing gains, while European exchanges were on the rise after a difficult week.

At 1018GMT, the Asia Dow, which includes blue-chip companies in the region, fell 40 points, or 1.22%.

Tokyo’s Nikkei 225 index fell by 152 points, or 0.58%, to 26,167.

Hang Seng Index, the benchmark for blue-chip stocks on the Hong Kong stock exchange, was the worst performer in Asia, falling by 368 points, or 1.84%, to 19,633.

The Shanghai stock exchange was the only positive performer on the day, gaining 31 points, or 1.06%, to end the day at 3,035.

The Sensex index in India lost 105 points, or 0.19%, and fell to 54,364, while the Singapore index fell 40 points, or 1.25%, to 3,234.

On Tuesday, European stock exchanges managed to recover somewhat after six consecutive days of massive losses.

At 1022GMT, the STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, was up 4.04 points, or 0.97%, to 421.50 points.

The FTSE 100 gained 43 points, or 0.6%, to 7,260, while the DAX 30 gained 183 points, or 1.37%, to 13,563.

France’s CAC 40 rose 54 points, or 0.9%, to 6,140, and Italy’s FTSE MIB rose 332 points, or 1.45%, to 23,165.

Spain’s IBEX 35 rose 73 points, or 0.9%, to 8,212.

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