European markets closed lower Monday as a U.S. crackdown on Chinese telecommunications giant Huawei weighed on the technology sector. The pan-European Stoxx 600 closed provisionally down 1.12%. The DAX is down 1.61% while France's CAC 40 is off 1.46% and London's FTSE 100 is lower by 0.51%.
The Nasdaq Composite index fell more than 1% at the open on Monday, weighed down by fears about the impact on major technology companies from the United States’ crackdown on China’s Huawei Technologies. The Dow Jones Industrial Average fell 108.69 points, or 0.42%, at the open to 25,655.31. The S&P 500 opened lower by 17.59 points, or 0.62%, at 2,841.94. The Nasdaq Composite dropped 102.22 points, or 1.31%, to 7,714.06 at the opening bell.
U.S. stocks closed lower on Monday as the White House’s restrictions on Chinese telecom equipment company Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China. The Dow Jones Industrial Average fell 84.10 points, or 0.33%, to 25,679.90, the S&P 500 index declined 19.30 points, or 0.67%, to 2,840.23, while the Nasdaq Composite Index dropped 113.91 points, or 1.46%, to 7,702.38.
Oil settled on a mixed note Monday, with U.S. crude gaining for the session but global benchmark prices giving up an earlier rise to finish lower. West Texas Intermediate futures, the U.S. oil benchmark, ended 34 CENTS OR 0.5% higher at $63.10 a barrel on the New York Mercantile Exchange.The global benchmark July Brent meanwhile, edged down by 24 cents, or 0.33%, to end at $71.97 a barrel on ICE Futures Europe.
Global Stock markets weakened on Monday as concerns mounted about an escalating fallout from a U.S. crackdown on China’s Huawei Technologies.
Asian shares closed mixed but had managed to reverse some of last week’s losses on Monday. Australian, Indian shares rally on apparent election results
The Markets in Europe where weak and closed lower, corporate earnings added to the gloom.
U.S. stocks closed lower on Monday as tech takes brunt of trade tensions
Oil settled on a mixed note Monday.
Stocks in Asia are poised to slip on Tuesday amid the ongoing fallout surrounding Chinese telecommunications giant Huawei.
Stocks in Asia are mixed on today morning amid continued trade tensions between the U.S. and China. The Shanghai Composite is off 0.95% while the Hang Seng is down 0.03%. The Nikkei 225 is down 0.44%. The Kospi is up0.44%. The ASX 200 is down 0.22%.
SGX Nifty Futures in Singapore Exchange is trading 7.00 points or 0.06% up at11,872.00
Our Markets are expected to open flat-to-positive on today despite mixed trend seen in other Asian markets.
Stocks in Asia mostly recovered in today afternoon trade as a temporary reprieve in U.S.-China trade tensions provided a breather. The Shanghai Composite is up 1.19% which was in red in the morning, while the Hang Seng is down 0.03%. The Nikkei 225 is down 0.14%. The Kospi is up 0.27%. The ASX 200 gained 0.37%
Asian shares won some respite on today after Washington temporarily eased trade restrictions imposed last week on China’s Huawei, although fears of a further escalation in tensions kept investors on edge. The markets finished mixed . The Shanghai Composite gained 1.23%, while the Hang Seng led the Nikkei 225 lower. They fell 0.47% and 0.14% respectivelym The Kospi ended up 0.27%. The ASX 200 gained 0.37%.
European shares edged higher on today morning after the United States temporarily eased restrictions on China’s Huawei, easing trade tensions and lifting tariff-sensitive tech and auto stocks, while the banking sector also gained. The pan-European STOXX 600 index is up 0.32%. The DAX is up 0.55% while London's FTSE 100 is up 0.42% and France's CAC 40 is up 0.10%.