LONDON — Europe’s markets were down again in trading Wednesday morning, after a day of ups and downs for China’s stocks.
The DAX in Frankfurt fell 1.4 percent to 10,761.04, while the FTSE MIB in Milan and the CAC 40 in Paris were both down 1.2 percent, to 23,119.48 and to 4,914.16 respectively. The FTSE 100 in London lost 1.1 percent to 6,455.75.
While China’s Shanghai Stock Exchange Composite Index closed up 1.2 percent to 3,794.11 Wednesday, it was down by as much as 5.1 percent earlier in the day. Elsewhere in Asia, Hong Kong’s Hang Seng Index ended down 1.3 percent to 23,167.85 and Tokyo’s Nikkei index lost 1.6 percent to 20,222.63.
As reported, investors are concerned over the slower growth of China’s economy.
It was largely a morning of losses for fashion, luxury and retail stocks, too.
At 11:21 a.m. CET, the pound traded for $1.56, while the euro changed hands for $1.11.