European, Asian stocks hit by U.S. data

|By:, SA News Editor

European and Asian shares are mostly lower following sharp losses on Wall Street yesterday after poor U.S. manufacturing data put a dent in optimism about the country's economy.

The figures further hurt sentiment that was already poor because of disappointing Chinese PMI data and the turmoil in emerging markets.

However, U.S. stock futures are enjoying a bit of a rebound.

The Nikkei fell 4.2%, the biggest one-day drop since June, although it's worth remembering that the index soared 57% last year.

Hong Kong drops 2.9% for the first time this week following market holidays because of the Lunar New Year. China remains closed. India is flat.

EU Stoxx 50 -0.3%, London -0.4%, Paris -0.3%, Frankfurt -0.7%, Madrid +0.05%, Milan +0.4%.

U.S. stock futures: Dow +0.4%. S&P +0.5%. Nasdaq +0.4%

ETFs: DXJ, EWJ, DFJ, DBJP, NKY, EZJ, EWV, SCJ, DXJS, JSC, ITF, JPP, JPNL, JPNS, FJP