Travel stocks fell in Asia, but recovered some of Tuesday's losses in Europe
Stocks in Asia settled mostly lower today, with airlines lagging as traders had a chance to respond to Tuesday's
downing of a Russian warplane along Turkey's border with Syria. In Tokyo, the latest Bank of Japan meeting minutes added to the cautious mood, with policymakers split over when the economy might meet its inflation target. By the close, Japan's Nikkei and Hong Kong's Hang Seng each lost 0.4%, South Korea's Kospi shed 0.3%, and China's Shanghai Composite bucked the trend to add 0.9%.
European markets are on the upswing at midday, bouncing back from the prior session's heavy losses. Mining stocks remain weak, but Turkish President Tayyip Erdogan's reassurances that his country has "no intention of escalating" Tuesday's incident with Russia has eased some geopolitical anxieties. At last look, the German DAX has gained 1.6%, the French CAC 40 is up 1.4%, and London's FTSE 100 has advanced 0.9%.
