Europe gains, Asia ends lower

London and Paris stocks lead advance in early Tuesday trading. Tokyo closed for a holiday.

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ATLANTA (CNN) -- Europe's major markets gained ground Tuesday morning, ignoring slumping indexes in Asia and on Wall Street.

London and Paris were both up about three-quarters of a percent, while Frankfurt was narrowly higher.

In contrast, Asian and Pacific markets were all lower Tuesday.

Australia's All Ordinaries index dropped 0.7%, while Hong Kong's Hang Seng index slipped 2.8%, the Shanghai composite index fell 4.6% and Seoul's KOSPI index tumbled 3%.

Tokyo's Nikkei exchange was closed Tuesday.

Wall Street stocks fell Monday in a thinly traded session amid concerns about fourth-quarter corporate earnings, falling oil prices and ongoing woes in the auto industry.

The Dow Jones Industrial Average fell 59.42, or 0.7%, to 8,519.69. The Standard & Poor's 500 index dipped 2% to 871.63 and the Nasdaq composite was down 1.8% to 1,532.35. To top of page

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