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<Europe> European Stocks Open Lower; Germany's DAX Down 1.6% as Airline and Mining Shares Weaken
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European stocks opened lower as Iran once again blocked the Strait of Hormuz and the United States seized an Iranian cargo vessel, dampening market sentiment. The pan-European STOXX 600 index fell 6.92 points, or 1.1%, to 619.66. The UK's FTSE 100 index dropped 64 points, or 0.6%, to 10,603; France's CAC 40 index declined 94 points, or 1.1%, to 8,330; Germany's DAX index slid 385 points, or 1.6%, to 24,316; Spain's IBEX 35 index fell 218 points, or 1.2%, to 18,265; and Italy's FTSE MIB index lost 693 points, or 1.4%, to 48,175. Among individual stocks, Air France-KLM and Deutsche Lufthansa fell 3.5% and 4.2%, respectively, while British Airways parent IAG dropped 3.2% and cruise operator Carnival declined 3.3%. Mining stocks Antofagasta and Fresnillo fell 5% and 3%, respectively. Software company SAP dropped 3.9%, and automaker Stellantis fell 3.1%. Oil majors Equinor, BP and Eni rose between 3.3% and 4.5%, while Shell gained 2.5%. In US stock futures, DJIA futures fell 353 points, or 0.7%, to 49,288; S&P 500 futures declined 46 points, or 0.7%, to 7,114; and Nasdaq 100 futures dropped 181 points, or 0.7%, to 26,644. In Asia-Pacific markets, the Shanghai and Shenzhen markets rose 0.8% and 0.6%, respectively; Hong Kong stocks gained 0.8%; Taiwan stocks rose 0.4% and hit an intraday record high; Japan and South Korea markets advanced 0.6% and 0.4%, respectively; Australia and New Zealand markets each edged up less than 0.1%; India was recently up 0.2%; and Singapore was marginally higher by less than 0.1%. (fc/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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