Global stocks were mixed Monday as investors weighed the implications of the USB takeover of Credit Suisse, an emergency deal meant to ward off a broader banking crisis.
European markets edged higher in choppy trading after the weekend agreement, with the Pan-European Stoxx 600 index climbing 0.4 percent, Britain’s FTSE 100 gaining 0.3 percent and Germany’s DAX adding 0.5 percent. But Asian markets slumped, with Hong Kong’s Hang Seng Index tumbling 2.7 percent and Japan’s Nikkei shedding 1.4 percent.
