BANGKOK — European shares were lower after a mixed session in Asia as Chinese markets reopened Monday from a long Lunar New Year holiday.
U.S. futures rose slightly while oil prices declined. Markets will be closed Monday in the United States for President’s Day.
Germany’s DAX shed 0.4% to 17,056.23 and the CAC 40 in Paris lost 0.5% to 7,729.47. In London, the FTSE 100 edged 0.1% lower, to 7,705.28.
In Asian trading, Hong Kong’s Hang Seng fell 1.1% to 16,155.61 on heavy selling of technology and property shares despite a flurry of announcements by Chinese state banks of plans for billions of dollars’ worth of loans for property projects.
Major developer Country Garden dropped 4.2% and Sino-Ocean Group Holding plunged 3.9%. China Vanke lost 3.8%.
The Shanghai Composite index gained 1.6% to 2,910.54.
“The reopening of China’s markets after the Lunar New Year holiday typically…
