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Asia and Europe Follow Wall Street Down, But Individual Stocks Outperform

Alibaba's disappointing valuation as it files for IPO hit Japanese mobile operator Softbank Corp., its largest shareholder. Ukraine turmoil hurts French bank Societe Generale SA and Danish brewer Carlsberg A/S. But French retailer Casino soars on news it plans to open a global ecommerce platform, listed in New York. London bank HSBC Holdings plc declares a 20% decline in quarterly profit. TV company ITV plc agrees to buy 80% of Letfield Entertainment Group for $360 million.