European equities turn sour on the day
Stocks in Europe are slipping lower after a bright start
- Eurostoxx -0.7%
- Germany's DAX -0.8%
- UK's FTSE -0.3%
- France's CAC 40 -0.8%
- Italy's FTSE MIB -0.8%
- Spain's IBEX -0.1%
A sea of red in Europe, as the Asian playbook gets thrown out the window it seems. The auto sector is the bane of the market today as a drag in auto stocks are bringing down the DAX and Eurostoxx indices.
Elsewhere, Hong Kong's Hang Seng index ended the day 1.99% higher - boosted by gains from, yup none other than, Tencent Holdings - who closed the day up by 2.91% as the tech sector led gains for the index.