Asian stocks rise, European shares dip – GulfToday

SourceGulf Today
SectorFinancial Markets
CountryMiddle east

The Shanghai Composite Index gained 1. 2% to 3, 576. 06 and the Nikkei 225 in Tokyo gained 0. 1% to 29, 418.

23. The Hang Seng in Hong Kong rose 0. 5% to 29, 462. 08. The Kospi in Seoul advanced 0. 4% to 3, 102. 72 and Sydney's S&P-ASX 200 shed 0. 6% to 6, 837. 80. India's Sensex opened up 0. 4% at 51, 582. 30. New Zealand retreated while Southeast Asian markets advanced. European shares dipped on Tuesday as a recent rally powered by hopes of a swifter global economic recovery and vaccine roll-outs showed signs of cooling. The STOXX 600 index fell 0. 1%, after recording almost 4% gains in February. Germany's DAX index was down 0. 2% and French reinsurer Scor rose 2. 8%. Despite the decline, investors are focusing on European equities as a good investment, said, analysts. Mike Bell, global market strategist at J. P. Morgan Asset Management said, "there is this...read more...