Stock market today: Hong Kong stocks soared
Hong Kong shares soared while Japan fell and Europe staggered a day after Iran fired a series of missiles at Israel. Chinese markets remain closed for Golden Week.
- S&P 500 futures: 5,742.00 ⬇️ 0.30% off
- S&P 500: 5,708.75 ⬇️ down 0.93%
- Nasdaq synthetic: 17,910.36 ⬇️ 1.93% off
- Dow Jones Industrial Average: 42,156.97 ⬇️ down 0.41%
- STOXX Europe 600: 521.56 ⬆️ up 0.13%
- Hang Seng Index: 22,443.73 ⬆️ increased 6.20%
- Nikkei 225: 37,808.76 ⬇️ 2.18% off
- Bitcoins: $61,854.00 ⬆️ up 1.85%
China: Hong Kong soars as Beijing’s housing policy supports home builders
As mainland China markets closed, Hong Kong became the focus of attention, rising 6.2% on optimism about new measures from Beijing to support the struggling real estate sector and financial market support. Real estate stocks Longfor, Hang Lung Properties and China Oversea Land & Investment all rose more than 15% on the day.
Japan: The market fell again due to concerns about oil prices
The Nikkei 225 index continued its yo-yo week, falling 2.18% on the day after gaining 1.93%. Fears that conflict in the Middle East could send oil prices soaring in the energy import-reliant nation outweighed positive economic indicators that helped the market rise on Tuesday.
Europe: The index increased slightly as investors welcomed tensions in the Middle East
European stocks recorded modest gains, with the STOXX Europe 600 up 0.13% and Britain’s FTSE 100 up 0.18% in early trade. With oil prices rising due to tensions in the Middle East, defense and energy stocks such as Leonardo, EquinorBABE, Cover and Total was one of the biggest gainers. Airlines whose number of flights are affected by the Iran-Israel conflict have all decreased.
Trading ahead of US market slide in Middle East, Nike
All three US indexes slid in pre-market trading Wednesday, as investors digested Iran’s attack on Israel and sanctions Nike about the decline in quarterly sales and revenue the company reported after the bell. Investors are also awaiting Tesla’s update on quarterly vehicle production and deliveries, expected today.
The Dow, Nasdaq and S&P 500 fell after the Iran attack
On Tuesday, Dow fell 0.41% while the S&P 500 fell 0.93% and the tech-heavy Nasdaq lost 1.93%, following news of Iran’s release a ballistic missile attack about Israel. Although there was some good news that August saw more job opportunities More than economists expected, the conflict in the Middle East combined with a major crisis 7.5 billion USD weekly estimated rates for stevedores hitting cold markets.
