LONDON, Aug 7: Europe’s main stock markets mostly advanced on Tuesday but London sank into the red as British-based emerging markets bank Standard Chartered was slammed by allegations of hiding transactions with Iran.

London’s benchmark FTSE 100 index of top companies dropped 0.20 per cent to 5,797.20 points in midday deals. Frankfurt’s DAX 30 gained 0.30pc to 6,939.87 points and in Paris the CAC 40 climbed 0.39pc to 3,414.96. Madrid rose 0.82pc.—AFP