Global Stocks Sell Off

02/12/07 - 11:40 AM EST

TSC Staff

Major stock measures were falling across Europe Monday, with red ink spreading from the U.K. to practically all corners of the continent.

London's FTSE 100 was down 0.4% at 6355, and Frankfurt's Xetra DAX was lower by 0.6% to 6867. The Paris CAC 40 fell 0.9% to 5642, and Milan's MIB 30 was weaker by 0.6% to 42,456.

The OMX Stockholm 30 dropped 1.2% to 1187, and the Swiss Market Index gave back 0.4% at 9252.

Softness was also widespread in Asia. Tokyo's markets were closed, but Hong Kong's Hang Seng lost 0.4% to 20,593. Taiwan's Taiex surrendered nearly 1.1% to 7776, and Singapore's Straits Times Index sank 1.6% to 3170. India's BSE Sensex plunged 2.4%.

Notably stronger, however, was mainland China, where equities collected sizable gains.

Elsewhere, Mexico's Bolsa fell 0.6% to 27,749, and Brazil's Bovespa edged down 0.1% to 44,250.

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