Asian Rally Fails To Impress European Markets After Oil Prices Reverse Early Gains

European stocks opened in the red Monday after oil prices reversed early gains to tumble nearly 4 percent. However, shares in Asia reaped gains from the short-lived uptick in oil prices, closing broadly higher.

China’s benchmark Shanghai Composite Index ended the day up 0.75 percent, providing investors a reprieve from a stock market volatility that has, since the start of the year, wiped out nearly 17 percent in the cumulative market value of all listed stocks. The smaller Shenzhen Composite also rose, ending the day up 1 percent.