Global markets mostly lower again
by Elaine Frei
Equities markets in the Asia-Pacific region dropped sharply on Wednesday. Taiwan’s Taiex index saw the worst of the losses, dropping 4.26 percent to 8,891.88. The Kospi index in South Korea and India’s Sensex weren’t far behind, with losses of 3.97 percent to 1,856.45 and 3.96 percent to 14,935.77 respectively. In China, the Shanghai Composite fell 3.81 percent to 4,300.56, while the Straits Times index dropped by the same percentage to 3,431.71 in Singapore.
The Australian markets were also lower, with the S&P/ASX200 down 3.3 percent to 5,941.2 and the Sydney Ordinaries falling 3.2 percent to 5,989.4. In Hong Kong, the Hang Seng index was 3.15 percent lower to 22,455.36. Tokyo’s major indices actually saw the least of the losses in the region as the Nikkei 225 and the Topix index each dropped 2.19 percent, to 16,870.98 and 1,668.85 respectively. However, the Mother’s market of small and mid-caps dropped 3.79 percent to 831.92
European markets also headed lower again after yesterday’s gains. The FTSE Eurofirst 300 dropped 1.54 percent to 1,526.07. In Frankfurt the Dax was 1.45 percent lower to 7,473.93, while the IBEX fell 1.46 percent to 14, 586.1 in Madrid and the Paris CAC-40 was down 1.68 percent to 5,654.3. London also saw declines. The FTSE 100 dropped 1.72 percent to 6,250.6, while the FTSE 250 fell 1.26 percent to 11,194.9
Trading was volatile on Wall Street during the session. At just past midday, the Dow Jones Industrial Average, the Nasdaq Composite and the S&P 500 were all slightly higher, but by just before 2 p.m. New York time the Nasdaq Composite was down 0.32 percent to 2,538.06 and the S&P 500 had dropped 0.18 percent to 1,452.71. The Dow remained slightly higher, up 0.14 percent to 13,229.95.
Crude oil prices were lower as new US inventories reports showed that while crude stockpiles dropped by 6.5 million barrels last week, gasoline inventories were up by 600,000 barrels and distillates in storage added 2.8 million barrels as refinery utilization grew to 93.6 percent of capacity
Prices for precious metals, meanwhile, declined as well.
Discuss this in the Finance Markets forums
Story link: Global markets mostly lower again
Add to Bookmarks:
Related financial stories to: Global markets mostly lower again
- Global equities markets lower
- Most global equities markets lower on session
- Global equities markets mostly lower on session
- Global equities mostly lower on session
- European markets gain as most global markets decline
- Global markets attempt to rally after losses
- Wall Street follows global equities lower
- Many global equities markets see declines
- Global markets end week with gains
- Most global markets higher
Previous: « Zimbabwe to issue $200,000 note
Next: Two further base rate rises predicted »
Visited 435 times, 3 so far today