Global markets show mixed dynamics after Wall Street downturn

European markets on Wednesday showed a slight decline after the day before US President Donald Trump interrupted negotiations on a new aid package in connection with the coronavirus, which led to large losses on Wall Street.

London’s FTSE index lost just over four points by midday, but was unchanged as a percentage. The Paris CAC-40 was down 0.3 percent and Frankfurt’s DAX was down 0.4 percent.

Asian markets took the news from Washington more calmly, ending trading in positive territory. Japan’s Nikkei index lost almost 11 points, but was unchanged as a percentage. Hong Kong’s Hang Seng closed up one percent, while the Sensex in Mumbai rose 0.7 percent. Australia’s S&P / ASX closed up 1.2 percent, Seoul’s KOSPI in Seoul added 0.8 percent, and Taiwan’s TSEC gained 0.3 percent.

The exchange in Shanghai is closed all week due to the national holiday.

In commodity markets, gold is trading at $ 1892.20 an ounce, down 0.8 percent. US crude was down 2.4 percent at $ 39.69 a barrel, while benchmark Brent crude was down 2 percent at $ 41.79 a barrel.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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