Stocks Were Mixed Across the World

374
Stocks and central banks

Stocks in Asia-Pacific were mixed on November 22 as the world’s second-largest economy kept its benchmark lending rate unchanged.

 In Hong Kong, the Hang Seng index dropped 0.39% to end its trading day at 24,951.34. Hong Kong-listed shares of tech giants jumped on November 22. Shares of JD.com and NetEase added 1.93% and 3.02%, respectively.

 Mainland Chinese stocks rose on November 22. The Shanghai composite gained 0.61% to finish its trading day at 3,852.08. Meanwhile, the Shenzhen component added 1.411% to 14,960.66. 

On November 22, China kept the one-year Loan Prime Rate (LPR) unchanged at 3.85%. Besides, the five-year Loan Prime Rate was also left steady at 4.65%.

 In Japan, the Nikkei 225 advanced about 0.1% to 29,774.11 and the Topix index declined fractionally to 2,042.82.

 South Korea’s Kospi added 1.42% to end its trading day at 3,013.25 as shares of Samsung Electronics advanced 5.2%.

 In Australia, the S&P/ASX 200 dropped 0.59% to 7,353.10.

 

European stocks

Not only Asian but European stocks were also mixed on November 22. Investors monitored Covid-19 and its impact on Europe along with various corporate announcements. 

The pan-European Stoxx 600 gained 0.1% by late morning with telecoms climbing 1.4% to lead gains while tech stocks dropped 0.6%. 

European investors are monitoring the situation regarding the Covid-19. Last week, Austria introduced strict measures to tackle the Covid-19 pandemic.

 Investors also keep an eye on another big-market moving event this week. Another major event will be President Joe Biden’s nomination for the next Federal Reserve chief. 

U.S. stocks struggled on November 19 as concerns over a resurgence of Covid-19 affected global markets, though tech shares pushed higher. 

The Dow Jones Industrial Average dropped 268.97 points or 0.75% to 35,601.98. On November 19, the S&P 500 fell 0.14% to 4,697.96. On the contrary, the Nasdaq Composite gained 0.40% to 16,057.44.

 However, the S&P 500 still ended the week 0.3% higher. Earnings reports from big retailers as well as U.S. retail data helped the broad-market index. Unfortunately, the blue-chip Dow dropped 1.3% for the week. The Nasdaq Composite gained 1.2%.

 Major energy companies dominated the top decliners in the S&P 500. Devon Energy dropped 6.2% and Hess declined about 5.7%. Diamondback and Baker Hughes weren’t far behind, both of them fell more than 5%.

 On November 19, shares of Moderna jumped nearly 5% after the FDA cleared its vaccine booster shot for all adults in the U.S.

 

For more news updates, visit our homepage now and see our latest news article. Want to learn more about trading? Visit our education page now and learn for FREE!

Tags:

Leave a Reply

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending