Market Report - Europe

Frankfurt DAX: 3879.12 (-171.75)

Frankfurt DAX: 3879.12 (-171.75)

German shares were off the per cent drop in Hong Kong's Hang Seng index.

The IBIS DAX saw itself tracking Wall Street for the remainder of the session. Dealers said the German market remains fragile and vulnerable to further losses.

Paris CAC-40: 2769.64 (-79.39)

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Shares shed nearly 3 per cent yesterday, but ended off their lows after Asian market woes unleashed bears in choppy, futuresdriven trade.

Paris tracked a widening fall in Dow, although many brokers said the fall seemed overdone, seeing incentives to buy at the lows.

Milan Mibtel: 15,264 (-434)

Italian shares closed near the day's lows, as buyers stayed out of the market after US shares opened lower on Wall Street.