European stocks drifted down in early trading. Britain’s FTSE 100 fell 0.4 per cent to the 5, 648.36. Germany DAX lost 0.4 per cent for 6, 0867.12 while the French CAC-40 shed 0.8 percent at 3, 168.16. Wall Street appeared headed for a lower opening, the Dow Jones industrial futures from 0.5 percent in interim 12,299 s
Earlier in Asia, Japan’s Nikkei 225 Index fell 0.8 percent to close at 8, 488.71. South Korea Kospi index lost 0.1 percent of the 1, 863.74, while Australia’s
Mainland China’s benchmark Shanghai Composite Index lost 1 percent to 2, the lowest level in 148.45, almost three years. The Shenzhen Composite Index lost 3.5 percent to 813.99. More than 100 companies fell to the daily limit of 10 percent.
In Tokyo, the yen climbed against the euro raises fears of more pain ahead for exporters Japan. The Euro sank 98.71 yen on Monday in European trading, Japan’s Kyodo News said the 11-year low. The Euro remained under selling pressure as it drifted about 99.30 yen Thursday.