The pan-European Stoxx 600 was down 0.67 percent with all major indexes in negative territory.
· Asian stocks are reporting losses, possibly tracking the overnight slide in oil prices and due to fears the Chinese economy may slow more than expected in the coming quarters.
The US oil prices fell 7 percent yesterday - its biggest one-day loss in more than three years - indicating growing concerns about weakening world demand and oversupply.
Further, China October retail sales released earlier today showed softening domestic demand, meaning the world's second-largest economy could slow more than expected in the coming quarters.
The risk assets have been under pressure this week on concerns of peak growth for corporate earnings and the US economy.
· Japan’s Nikkei ended higher in choppy trade on Wednesday as short-covering in electronics component makers and tech shares helped offset weakness in resource stocks dragged down by falling oil prices.
The Nikkei share average rose 0.2 percent to 21,846.48, after trading in positive and negative territory during the day. On Tuesday, the Nikkei tumbled to a two-week low, dragged down by the sell-off in tech shares and Apple suppliers.
· Stocks in Asia were mostly lower on Wednesday as oil prices slipped further into negative territory.
Hong Kong's Hang Seng index was lower by 0.74 percent in late-afternoon trade.
The mainland China markets, which have been closely watched by investors because of the ongoing U.S.-China trade war, saw losses with the Shanghai composite shedding 0.85 percent to close at around 2,632.24 while the Shenzhen composite declined by 0.401 percent to finish the trading day at about 1,378.36.
The country reported industrial output for October was 5.9 percent higher than a year ago, higher than expectations from a Reuters poll. Fixed asset investment for October also came in above expectations at 5.7 percent higher as compared to a year ago. Retail sales in October, however, came in below expectations at 8.6 percent higher year-on-year.
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