The pan-European Stoxx 600 is down 0.4 percent, with all major stock indexes in negative territory.
· Asian stock markets skidded on Tuesday and Europe was expected to follow, pressured by sharp losses on Wall Street as technology firms tumbled on worries about slackening demand.
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1.2 percent.
· Japan’s Nikkei fell to a three-week low on Tuesday as a drop in Nasdaq shares dragged down Japanese tech names, while Nissan Motor tumbled on news of Chairman Carlos Ghosn’s arrest and dismissal.
The Nikkei share average ended 1.1 percent lower to 21,583.12, the lowest closing level since October 31.
Nissan Motor Co was the most-traded stock by turnover and tumbled 5.5 percent to end at 950.7 yen, its lowest since August 2016, after Nissan said Ghosn had been arrested over alleged financial misconduct and would be fired from the board this week.
· China stocks dropped the most in three weeks on Tuesday, led by financial and technology shares, as Asian markets tanked after overnight losses on Wall Street and amid rising growth concerns.
The blue-chip CSI300 index fell 2.3 percent to 3,218.41, while the Shanghai Composite Index lost 2.1 percent to 2,645.85. Shenzhen’s start-up board ChiNext tumbled 2.8 percent.
Reference: Reuters, CNBC
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