European, Pacific stocks rebound after sell-off
European shares have rebounded slightly after Monday’s frantic sell-off. The tentative respite followed a day of panic among investors who watched with horror as China had its worst single-day trading session since 2009.
At opening on Tuesday, the pan-European FTSEurofirst 300 index rose 1.8 percent, a day after dropping 5.4 percent amid panic selling in China and around the world. The eurozone’s blue-chip Euro STOXX 50 index also regained some of its losses from the day before, advancing 1.9 percent.
Germany’s DAX stock market recovered 1.7 percent in early trading after losing 4.7 percent the day before, which some analysts have begun referring to as ‘Black Monday.’
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Source News: DW