Today, Adidas shares fell by 1.7% after the company announced strong growth in its sportswear production in China. The European market index also dropped by 0.2%, starting trading at the highest level since October 21. HSBC Holdings shares rose by 2.9% after the bank, focused on Asia, announced profits in the third quarter, exceeding expectations, as well as plans to buy back shares for up to three billion dollars. The banking sector also gained 0.7%. The STOXX 600 index reached its highest level for the week on Tuesday due to the profits of large companies in the region. Investors are expecting announcements about Alphabet's profits, the parent company of Google, later today.
Adidas Shares Rise Amid Strong Growth in Greater China
Adidas shares increased by 1.7% due to strong core growth in Greater China. The Eurozone index also climbed 0.2% after opening at a high, supported by major company earnings.
