Global stocks gain amid big volatility in China

Topics

The most important main indicators
Market Highlights

Global stocks gain amid big volatility in China

Despite the sharp fluctuations in the markets in China, the main markets in Asia also continued their upward wave, after the markets witnessed a state of optimism regarding the decision of positive profits achieved in the United States.

While Hong Kong stocks rose to achieve gains for the day, and this was supported by the technology sector, and the Hang Seng index rose by about 1% after suffering on Monday from the worst day in trading since the global financial crisis in 2008, and this also came amid the tightening by President Xi Jin Ping and control of the government.

Global stock indices also recorded a partial rise, after recording a rise for two consecutive days, with the markets achieving the extent of strong gains in Japan, Australia, and the United States, while we witnessed fluctuations on the Standard & Poor’s 500 Index (S&P 500) in the Asian sessions.

The Chinese yuan fell to its lowest level in nearly 10 years, at a time when fears spread after President Xi took office, which could change the way the central bank takes decisions that may weaken growth and destabilize geopolitical stability.

Five companies in the Standard & Poor’s 500 Index managed to achieve profits in the third quarter, but more than expected, including Microsoft Corp, Alphabet Inc., Amazon.com, and Apple.

The most important main indicators

(Global stocks gain amid big volatility in China)

The Topix index rose 1.2%.

The S&P ASX rose 0.2%.

The Hang Seng Index rose 0.7%.

The Shanghai Composite Index rose 0.7%.

Market Highlights

(Global stocks gain amid big volatility in China)

The Bloomberg Spot Dollar Index fell 0.1%.

The euro rose 0.1% to $0.9886

The Japanese yen recorded 148.83 to the dollar

Bitcoin fell by 0.2% to $ 19,347.02

Ethereum fell 0.4% to $1,346.4

Global stocks gain amid big volatility in China

Related Topics