Economy

Asian stock markets slip, European see slight recovery

China’s Shanghai stock exchange only positive performer in Asia, European stocks on the up after days of massive losses

Ovunc Kutlu   | 10.05.2022
Asian stock markets slip, European see slight recovery

ANKARA

China was the only exception as Asian stock markets closed with losses on Tuesday, while European exchanges were on the rise after a bruising recent few days.

The Asia Dow, which includes blue-chip companies in the region, was down 40 points, or 1.22%, to 3,257 at 1018GMT.

Tokyo’s Nikkei 225 stock exchange slipped by 152 points, or 0.58%, to 26,167.

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

China’s Shanghai stock exchange was the only positive performer on the day, gaining 31 points, or 1.06%, to finish at 3,035.

India’s Sensex benchmark lost 105 points, or 0.19%, and dropped to 54,364, while the Singapore index shed 40 points, or 1.25%, to 3,234.

After six consecutive days of massive losses, European stock exchanges managed to recovery slightly on Tuesday.

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

London’s FTSE 100 rose 43 points, or 0.6%, to 7,260, while Germany's DAX 30 gained 183 points, or 1.37%, to 13,563.

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

Spain’s IBEX 35 climbed by 73 points, or 0.9%, to 8,212.​​​​​​​

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