European shares, Asian stock dip as authorities impose new restrictions

Gulf Today Report

European shares fell on Tuesday, a decision is yet to be made on post-Brexit trade deal also coronavirus cases soar leading to lockdowns.

The pan-European STOXX 600 index slipped 0.1%, while London's FTSE 100, which has been outperforming regional peers in recent sessions, fell 0.4% to lead declines.

British and EU leaders will be meeting to seal a deal concerning $1 trillion in annual trade before Brexit.

Asian Shares

Asian stock dipped on Tuesday as increase in coronavirus cases affect investors confidence for a vaccine-led economy.

The Nikkei 225 in Tokyo lost 0.2% to 26,486.61 and the Hang Seng in Hong Kong shed 0.5% to 26,381.28. 

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The Shanghai Composite Index lost 0.2% to 3,410.55 after opening higher following China's announcement of a 21.1% jump in November exports.

The Kospi in Seoul tumbled 1% to 2,718.61 while Sydney's S&P-ASX 200 advanced 0.2% to 6,688.00. 

India's Sensex opened up 0.5% at 45,636.91. New Zealand and Southeast Asian markets gained.

Investors optimism has dampened as some European countries and US states imposed restrictions on travel and business. 

However, traders are hopeful for the approval of a new US fiscal stimulus.