25 May 2010 13:16 [Source: ICIS news]
LONDON (ICIS news)--Stocks in the European chemical sector were being dragged down by a sharp fall in the global markets on Tuesday as fears over the eurozone’s debt problems continued.
In early afternoon trading the Dow Jones Euro Stoxx Chemicals index was trading down 3.43%, indicating that many of ?xml:namespace>
Among Europe’s top producers, German major BASF’s shares dropped 3.49%, Bayer dropped 0.91%, Dutch coatings firm Akzo Nobel was down 3.46%, while
European stock markets were reacting to concerns that a trillion-dollar bailout package agreed by the eurozone and International Monetary Fund, aimed at addressing the EU financial crisis triggered by Greece’s debt problems, would not be enough to avoid a similar fiscal disaster elsewhere.
The UK's FTSE 100 fell by 2.96%,
Growing concerns surrounding
The Nikkei 225 stock market in
($1 = €0.81)
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