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- Global Stocks: DOW, S&P and Nikkei lower, Chinese indices rebound
Global Stocks: DOW, S&P and Nikkei lower, Chinese indices rebound
U.S. markets closed lower on Tuesday. The DOW JONES lost -0.29% closing at 17,801.20 points while the S&P 500 declined -0.02 with a final quote of 2,059.82 points ending nearly flat after early session losses.
Hong Kong's Hang Seng is trading +0.24% at 23,543.12. China's Shanghai Composite closed at 2,940.88 points, a gain of +2.96% after yesterday's decline of 5.4%. Chinese shares were trading higher after Chinese producer prices declined more-than-expected by -2.7% and consumer inflation slowed to 1.4% versus forecasts of 1.6%. Investors expect further stimulus from the PBoC after data fell short of estimates.
Japan's Nikkei slumped -2.25% closing at 17,412.58 as a strong rebound in the Japanese yen driven by investors looking for safe-haven assets weighed on exporters shares. Japan's BSI Manufacturing Index declined to 8.1 falling short of expectations. Analysts predicted an increase to 13.1 from a previous reading of 12.7.
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