European stock markets closed lower on Wednesday as concerns resurfaced over the health of the global banking sector.
The pan-European Stoxx 600 index closed 0.8% lower, with healthcare stocks down 2.5%, industrials down 1.4% and household goods down 1.2%.
European markets
London-listed bank Standard Chartered posted a 21% rise in pre-tax profit, ahead of estimates. Its shares were slightly higher, while the European banking sector narrowed earlier losses to close 0.2% lower.
Meanwhile, Asia-Pacific markets traded mixed after banking fears were reignited on Wall Street.
That came after shares of First Republic Bank tumbled more than 49% Tuesday after the regional bank posted its latest quarterly results Monday, saying that deposits dropped 40% to $104.5 billion in the first quarter.
U.S. stocks advanced Wednesday after Microsoft earnings came in better than Wall Street expected.