In Frankfurt, Deutsche Lufthansa led the DAX and European airlines lower, declining about 4%.

In Tokyo, the Nikkei closed down 0.56% at 15,216.47 and in Hong Kong the Hang Seng rose 0.27% to close at 23,238.99 as mainland Chinese indices fell following disappoint export data.

If you liked this article you might like

Actelion Soars as Johnson & Johnson 'Makes Takeover Proposal'

Asian Markets Rise; Japan Notches up Seventh Day of Gains

German Ifo Business Climate Index Holds Firm, Signals Fourth-Quarter GDP Pickup

Remy Cointreau Toasts U.S. 'Momentum,' China Growth

Asian Markets Mixed; Japanese Indices Pull Away as Yen Falls