Asia recovers some losses, Europe set to open higher
Despite the weakness across Wall Street, Asian Pacific markets managed to pare some of the early damage, though most major indices still closed lower. China was the outlier, recording modest gains despite the prevailing risk-off sentiment.
European stock indices were a touch higher soon after the open, with Volkswagen reporting a 15% drop in profit but projecting stronger sales in 2025. Investors will be watching to see if this positive outlook helps lift broader sentiment in the region.