Global equities mixed on day

| October 10, 2007 | 0 Comments
Global equities mixed on day

Asia-Pacific equities markets were mixed again on Wednesday, but gainers outnumbered decliners. Among the gainers was South Korea’s Kospi index, which closed at a record high when it added 1.34 percent to 2,041.12. In Australia, the Sydney Ordinaries gained 0.85 percent to 6,744.6 and the S&P/ASX200 was up 0.91 percent to 6,738.3. The Shanghai Composite was 0.97 percent higher to 5,771.46. Hong Kong’s Hang Seng index added 1.21 percent to 28, 569.33, while in India the Sensex jumped 2.07 percent to 18,658.25.

The Taiex index dropped 0.8 percent to 9,639.83 in Taiwan and in Singapore the Straits Times index fell 1.33 percent to 3,814.45. Tokyo’s markets were mixed on the session. The Nikkei 225 was 0.1 percent higher to 17,177.89, but the Topix index dropped 0.11 percent to 1,658.18 and the Mothers market was down 1.75 percent to 857.19.

European markets were mixed as well, with most seeing slight gains. However, the Paris CAC-40 fell a bit, down 0.04 percent to 5,838.49. The FTSE Eurofirst 300 added 0.12 percent to 1,589.53, while Madrid’s IBEX was up 0.01 percent to 14,863.8 and the Dax gained 0.08 percent to 7,986.57. London’s equities markets saw gains on the session. The FTSE 100 was 0.27 percent higher to 6,633 and the FTSE 250 gained 0.74 percent to 11,512.1.

Wall Street was mixed in midday trade. The Dow Jones Industrial Average was 0.74 percent lower to 14,060.32 as it lost nearly all of the 120 points it gained on Tuesday, while the S&P 500 dropped 0.37 percent to 1,559.4. On the other hand, the Nasdaq Composite was slightly higher, up just 0.03 percent to 2,804.89.

Crude oil prices gained on threats by Turkey to attack Kurdish-controlled areas of northern Iraq, while most metals prices were also higher. Grains prices were also higher, while meat and livestock prices were mixed.

The euro gained ground against both the US dollar and the yen.

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