Stock market today: Global stocks mixed after Nvidia sends Wall Street lower
BANGKOK– Global stocks were mixed on Tuesday after the fall of market superstar Nvidia helped drag down U.S. stock indexes, while tensions in the Middle East remained high as Israel led actions. heavy airstrikes across Syria.
Germany’s DAX edged down 0.1% to 20,322.69 and Paris’ CAC 40 fell 0.6% to 7,434.97. Britain’s FTSE 100 index also fell 0.6% to 8,302.11.
The future of the S&The P 500 and Dow Jones Industrial Average fell less than 0.1%.
Shares of market superstar Nvidia fell 0.8% in premarket trading, extending their 2.6% loss Monday after China said it was investigating the company over alleged violations of Chinese anti-monopoly laws.
The Shanghai Composite Index gained 0.6% to 3,422.66, while Hong Kong’s Hang Seng lost its initial gains, falling 0.5% to 20,311.28 as traders sold to lock up the benefits of previous gains.
At a meeting on Monday, Chinese leaders agreed on a “moderately accommodative” monetary policy for the world’s second-largest economy. This is the first time in 10 years that we have moved away from a more cautious and cautious position. A middle finger planning meeting expected Wednesday could also provide more support to the Chinese economy.
China has reported its exports In November, the increase was 6.7% higher than a year earlier, less than expected, and imports fell almost 4%. Recent price data has also been weaker than expected, suggesting demand remains weaker than expected.
Tokyo’s Nikkei 225 gained 0.5% to 39,367.58, while South Korea’s Kospi jumped 2.4% to 2,417.84, recouping some of its recent losses as the country recently political unrest simmered.
On Tuesday, South Korean prosecutors sought to formally arrest the former Minister of Defense suspected of having colluded with the president Yoon Suk Yeol by imposing martial law last week, while the two men are under investigation for rebellion and other charges.
Taiwan’s Taiex lost 0.6% as the government said China’s military appeared to be preparing for widely anticipated exercises in response to its President Lai Ching-te’s recent visit to Hawaii and Guam. Taiwan’s Defense Ministry said Monday it had detected Chinese navy and coast guard vessels. enter the Taiwan Strait and the Western Pacific and that China had restricted its airspace along its southeast coast until Wednesday.
The moves heightened tensions after U.S. President-elect Donald Trump said he would not commit to defending Taiwan if China were to invade it during his presidency.
Elsewhere in the region, Australia S&The P/ASX 200 slipped 0.4% to 8,393.00. Thai markets were closed for a public holiday.
Monday, the S&The P 500 fell 0.6% and the Dow Jones Industrial Average fell 0.5%. The Nasdaq composite index fell 0.6%.
Nvidia’s decline has been by far the heaviest weight for the S&P 500. It skyrocketed to become one of the most valuable companies on Wall Street because its chips are driving much of the world’s shift toward artificial intelligence technology.
The highlight of the week for Wall Street will come midweek when the latest updates on inflation arrive. Economists expect Wednesday’s report to show that consumer inflation was little changed last month. A separate report published Thursday could show an acceleration in inflation at the wholesale price level.
This is the last important data the Federal Reserve will get before its interest rate meeting next week, where it is expected to cut interest rates. its main interest rate for the third time this year.
The Fed was relax its main interest rate of a two-decade high since September has contributed to the slowdown in the jobs market, after bringing inflation almost back to its 2% target.
On the oil market Tuesday morning, a barrel of benchmark American crude fell 23 cents to $68.14 per barrel. It rose 1.7% on Monday to $68.37 following the rebels’ overthrow of Syrian leader Bashar Assadwho requested asylum in Moscow. Brent crude, the international standard, lost 21 cents to $71.93 a barrel. On Monday, it added 1.4% to $72.14 a barrel.
The US dollar fell from 151.22 Japanese yen to 151.51 Japanese yen. The euro fell to $1.0534 from $1.0555.
