Tokyo – Global shares mostly dipped on Wednesday, with investors seemingly more cautious after major indexes closed out their best quarter in years.
The second …
Tokyo – Global shares mostly dipped on Wednesday, with investors seemingly more cautious after major indexes closed out their best quarter in years.
The second quarter gains were the best since 1998 for Wall Street and the largest since 2015 for Europe as hopes for an easing of economic lockdowns spurred market confidence. But a resurgence in COVID-19 cases in some countries, particularly the United States, is tempering that optimism.
France’s CAC 40 fell 1.6% to 4,838 while Germany’s DAX shed 1.5% to 12,124. Britain’s FTSE 100 was 1.3% lower at 6,088. U. S. shares were set to drift lower with Dow futures down 0.9% and S&P 500 futures down 0.6%.
Japan’s benchmark Nikkei 225 slipped nearly 0.8% to finish at 22,121.73.South Korea’s Kospi inched down nearly 0.1% to 22,121.73. Australia’s S&P ASX 200 gained 0.6% to 5,934.40. The Shanghai Composite rose 1.4% to 3,025.98, while trading was closed in Hong Kong for a holiday.
Economic indicators were mixed on Wednesday, with a quarterly Bank of Japan survey showing manufacturers’ sentiment plunged to its lowest level in more than a decade, as the pandemic crushes exports and tourism, mainstays for the world’s third largest economy.
