Fri, September 30, 2022

Global stock markets were mixed on Wednesday

Stock market, Hang Seng recovers by 0.23%

On July 28, global stock markets were mixed. As we know, Wall Street pulled back from a record, which came as investors are waiting for the Federal Reserve report, which is due to announce later today. Remarkably, it will likely give clues about when U.S. central bank start to reduce bond purchases and keep interest rates low.

Additionally, investors were concerned about China’s regulatory crackdown that set off a decline in its internet share prices.

The FTSE 100 in London gained 0.31%, or 21.98, to 7,018.35. Meanwhile, the DAX in Frankfurt boosted by 0.2% to 15,558.43. The CAC 40 in Paris increased 0.86% to 6,588.33

On Wall Street, the future for the benchmark S&P 500 index fell by 0.47% to 4,401.46. Meanwhile, the Dow Jones Industrial Average dipped 0.24% to 35,058.52. The Nasdaq fell 1.21% to 14,660.58.

The growth worries grew after the Centers for Disease Control and Prevention recommended even vaccinated individuals return to wearing masks indoors in areas where the more infectious delta strain of COVID-19 is spreading.

In Asia, the Shanghai Composite Index fell 0.6% to 3,361.59, sinking for a third day. Meanwhile, the Nikkei 225 in Tokyo dropped 1.4% to 27,581.66. Hong Kong’s Hang Seng increased 1.5% to 25,473.88.

South Korea’s Kospi declined by 0.1% to settle at 3,236.86. Meanwhile, S&P-ASX 200 in Australia dipped 0.7% to 7,379.30.

India’s Sensex fell 0.4% to 52,383.14. New Zealand increased while Southeast Asian markets sank.

Chinese internet giants’ shares decline for a third day

Additionally, Chinese internet giants’ shares decline for a third day. Investors are waiting for possible new action after China stepped up anti-monopoly and data security enforcement against the industry. Remarkably, they were considering restrictions on for-profit education ventures.

Meanwhile, games and social media giant Tencent Holding surged 0.3% in Hong Kong. However, shares of the giant it still is down 25% for the month. The shares of tech giant Alibaba Group in Hong Kong surged 1.8%. Still, the e-commerce giant’s shares are down 15% for the month.

Benchmark U.S. crude gained 43 cents to settle at $72.08 per barrel on the New York Merchantile Exchange. Additionally, Brent crude oil surged 38 cents to trade at $73.90.

The U.S. dollar against the Japanese yen surged to 109.92. In the previous session, the pair was trading at 109.72 yen. The euro advanced to $1.1824 from $1.1786.

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