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London, May 17 (PTI) World stocks witnessed mixed trends today with the Asian bourses sliding on the Eurozone debt worries even as European shares gained in early trade. Worries about the spiralling debt crisis in Europe and Chinese crackdown on its realty sector, send shares tumbling in Asia. The fall was led by China''s benchmark Shanghai index that plunged 5.07 per cent to 2,559. 93 points to a ten-month low today. While most of the Asian indices closed in the red, European markets seemed to be buoyant with key indices such as the London''s FTSE 100 climbing 1 per cent in morning trade. Australia''s S&P/ASX 200 plummeted 3.12 per cent to 4,467.20 points while Japan''s Nikkei 225 and Hong Kong''s Hang Seng fell over 2 per cent to 10,235.76 points and 19,715.20 points, respectively. South Korea''s benchmark Kospi declined 2.60 per cent to 1,651.51 points. However, India''s 30-share Sensex managed to erase its early losses and ended the day at 16,835.56 points, down 0.94 per cent. Intra-day the index had tanked nearly 3 per cent. To prevent the national economy from overheating, mainly on account of booming property market, China has initiated measures to control the realty sector. In Europe, the FTSE 100 rose to 5,315.71 points and Germany''s DAX went up about 1 per cent to 6,116.69 points. France''s key CCA 40 increased marginally to 3,582.68 points. Meanwhile, despite the trillion-dollar rescue measures, Europe continues to be shadowed by fears of sovereign debt turmoil, which has already forced Greece and Spain to initiate tough austerity plans.
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