LONDON — European markets clawed back some ground in midmorning trading on Tuesday, following a turbulent day for indices worldwide.
Asian ones, meanwhile, ended the day in negative territory as investors around the world worry about slowing global growth.
The FTSE 100 in London, which closed down 2.5 percent on Monday, widened its losses on Tuesday, falling 0.2 percent to 5,946.69. The FTSE MIB also sank further, trading down 0.1 percent to 20,738.40.
The CAC 40 in Paris and the DAX in Frankfurt notched a modest recovery, each advancing 0.2 percent to 4,364.40 and to 9,496.64, respectively.
Tokyo’s Nikkei 225 index, meanwhile, took a beating Tuesday, shedding 4.05 percent on negative investor sentiment to close the session at 16,931. Fast Retailing, one of the bigger components of the index, fared relatively well for the day, slipping just 0.72 percent to close at 47,150 yen.
Other Asian indices fared better but still ended the day in negative territory with Hong Kong’s Hang Seng shedding 3.17 percent to close at 20,515. Shanghai’s SSE lost 2.02 to end at 3,038.
The euro traded at $1.12, while the pound fetched $1.52 and the Swiss franc equaled $1.02 at 11:30 a.m. CET.
Among the European retail and luxury stocks to lose the most ground were Gemfields, 2.1 percent to 0.57 pounds; Hugo Boss, 3.2 percent to 96.79 euros; Geox, 3.5 percent to 3.69 euros, and Koovs.com, 3.7 percent to 0.63 pounds.
Stocks that gained the most ground included Boohoo.com, 3.8 percent to 0.34 pounds, after posting strong first-half results that outstripped analysts’ expectations. Tesco was up 2 percent to 1.70 pounds, while Metro AG climbed 0.9 percent to 23.65 euros.