Global markets update: US stocks decline as Fed hints it may hike rates again
Real estate stocks gained 2.2%. Euro zone banks surged 2%, on UniCredit’s 4.7% rally. Canada stocks pared its earlier gains to end down on Wednesday.
The Toronto Stock Exchange's S&P/TSX composite index closed down 4.2 points, at 20,214.69. The energy sector on TSX fell 1.4% as oil prices lost 1%. Asian share markets dropped on Wednesday.
Hong Kong’s Hang Seng Index fell 0.6% at 17,885.60. China’s Shanghai Composite lost 0.5% at 3,108.57. South Korean shares ended flat.
Japan’s Nikkei 225 edged down 0.7% at 33,023.78. Australia’s S&P/ASX 200 index closed 0.5% lower at 7,163.30. New Zealand's benchmark S&P/NZX 50 index fell 0.2% at 11,324.82.
The US crude oil benchmark for October delivery fell 92 cents at $90.28 a barrel on Wednesday. Brent crude for November delivery lost 81 cents at $93.53 a barrel. Natural gas for October delivery fell 12 cents at $2.73 per 1,000 cubic feet.
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