European stocks rise after drop over Evergrande

Stock markets in Europe opened on a high note on Tuesday.

Investors bought back shares one day after major market indexes plunged on concerns over the worsening financial health of a major Chinese real estate developer.

Stock prices were up about 1.2 percent in Frankfurt, 1.1 percent in Paris and 0.9 percent in London.

Market players say despite the buybacks, concerns about the financial difficulty of the Evergrande Group remain. They say investors are waiting to see how the group deals with interest payments of its corporate bonds that are due Thursday, as well as the response by Chinese authorities.