It was an interesting day as stocks in the Asia Pacific fell on Wednesday. However, European stocks saw gains on the day. Let’s have a look at the stocks across the world.
For example, mainland Chinese stocks saw losses on the day. The Shanghai Composite fell 1.86% to about 3’254.63. Also, the Shenzhen Component dropped 3.247% to 12’861.75.
Hong Kong’s Hang Seng index declined 0.63% to close at 24’468.93.
Australia’s S&P/ASX 200 also saw sizable losses as it dropped 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 September 9.
In Japan, the Nikkei 225 dropped 1.04% to finish its trading day at 23’032.54. At the same time, the Topix index fell 0.96% to close at 1’605.40.
Also, South Korea’s Kospi index dropped 1.09% to 2’375.81.
It is worth mentioning that, shares of technology stocks in the Asia Pacific mostly fell on Wednesday. For example, shares of Taiwan Semiconductor Manufacturing Company fell 0.93% in Taiwan.
In South Korea, shares of SK Hynix declined by 2.64%. Also, shares of Chinese tech giant Alibaba dropped 2.37% and shares of Xiaomi fell 1.34%. However, the shares of Sunny Optical added 0.86%.
Stocks in Europe and the U.S.
As stated above, stocks in Europe strengthened their positions on Wednesday, 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.
The pan-European Stoxx 600 gained 1.6%, with the tech and telecom sectors both jumping more than 2%. Unfortunately, travel as well as leisure stocks fell more than 8% as coronavirus containment measures return.
German DAX index gained 268.88 points or 2.07% to 13’247.21. The French CAC 40 Index added 69.46 points or 1.40% to 5’042.98. Moreover, U.K’s FTSE 100 advanced 82.54 points or 1.39% to 6’012.84.
Two days ago, the Nasdaq Composite dropped 4.1% to close at 10’847.69. The Dow Jones Industrial Average fell 632.42 points or 2.3% to end its trading day at 27’500.80. Moreover, the S&P 500 dropped 2.8% to close at 3’331.84.