European Stocks Strengthened their Positions on Wednesday

Stocks in Europe saw gains on the day as investors looked to treat a technology-led rout earlier in the week that put pressure on financial markets around the world as not significant. 

It is worth noting that, the pan-European Stoxx 600 added 1.6%, with the tech and telecom sectors both jumping more than 2%. Interestingly, travel as well as leisure stocks fell more than 8% as coronavirus containment measures return. 

German DAX index added 268.88 points or 2.07% to 13’247.21. At the same time, the French CAC 40 Index gained 69.46 points or 1.40% to 5’042.98. Also, U.K’s FTSE 100 advanced 82.54 points or 1.39% to 6’012.84.

Let’s have a look at the U.S. stocks. On Tuesday, the Nasdaq Composite fell 4.1% to close at 10’847.69. In the meantime, the Dow Jones Industrial Average dropped 632.42 points or 2.3% to end its trading day at 27’500.80. Also, the S&P 500 fell 2.8% to close at 3’331.84. 

Stocks in Asia and risk factors

Interestingly, markets in the Asia Pacific fell on September 9. Notably, mainland Chinese stocks law losses on the day. The Shanghai Composite dropped 1.86% to about 3’254.63. At the same time, Shenzhen Component fell 3.247% to 12’861.75.

Hong Kong’s Hang Seng index dropped 0.63% to close at 24’468.93. 

Australia’s S&P/ASX 200 also saw sizable losses as it fell 2.15% to close at 5’878.60, with shares of the country’s major banks such as Commonwealth Bank of Australia and Westpac declined on Wednesday.

In Japan, the Nikkei 225 fell 1.04% to finish its trading day at 23’032.54. Also, the Topix index dropped 0.96% to close at 1’605.40.

South Korea’s Kospi index fell 1.09% to 2’375.81. 

Shares of technology stocks in the Asia Pacific mostly fell on Wednesday. Shares of Taiwan Semiconductor Manufacturing Company declined 0.93% in Taiwan. 

In South Korea, shares of SK Hynix fell 2.64%. Interestingly, shares of Chinese tech giant Alibaba dropped 2.37% and shares of Xiaomi fell 1.34%. Nevertheless, the shares of Sunny Optical gained 0.86%.