🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Global market update: Mixed open for APAC shares following weak JOLTs data

Published 05/06/2024, 10:57 am
© Reuters.
UK100
-
FCHI
-
AXJO
-
DE40
-
JP225
-
HK50
-
XOM
-
MRO
-
KS200
-
SSEC
-

Investing.com - On Wednesday, global markets opened in a mixed fashion, following a modest uptick in US stocks, as market participants adjusted interest rate expectations following weaker than expected JOLTs job data.

By 11:00 am AEST (1:00 am GMT) the Australian S&P/ASX 200 and South Korea's KOSPI 200 managed gains of 0.2% and 0.6% respectively, while Japan's Nikkei 225 fell 1.2%.

Oil prices are on a downward trend, with Brent crude falling over 1% to trade around $78 per barrel, influenced by fears of a potential economic slowdown and an oversupply. Shares in major oil companies, including Exxon Mobil (NYSE:XOM), Marathon Oil (NYSE:MRO), and Hess, saw decreases of 1.6%, 1.8%, and 0.8% respectively.

Conversely, stocks in China ended on a high note, buoyed by strong performances in the pharmaceutical and real estate sectors. The Shanghai Composite Index saw a 0.4% increase, while Hong Kong's Hang Seng Index edged up by 0.1%.

⚠️Enjoy InvestingPro tools and strategies for A$13.9/month thanks to a limited-time discount on the 1-year Pro subscription! CLICK HERE to take advantage before it's too late, and unlock access to AI-powered ProPicks, ProTips, and more! for 10% off use coupon code: "INVPRODEAL"⚠️

Japanese stocks fell due to a slump in the financial and energy sectors. Indian shares also witnessed a sharp drop, with the Sensex falling by 5.7%, fueled by uncertainties surrounding the outcome of the country's national elections.

European indices retreated, with the UK's FTSE 100 Index down by 0.4%, the STOXX Europe 600 Index slipping 0.5%, Germany's DAX dropping 1.1%, and France's CAC 40 losing 0.8%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.