Global markets update: US stocks slump after Fitch cuts US credit rating
Siemens Healthineers fell 5.6% after its quarterly profit dropped. German fashion brand Hugo Boss slid 1.9% despite it raised its full-year outlook. In Asia, stock markets closed down on Wednesday.
Hong Kong’s Hang Seng index dipped 2.5% at 19,517.38. China’s Shanghai Composite lost 0.9% at 3,261.69. Japan’s Nikkei 225 tumbled 2.3% at 32,707.69.
Australia’s S&P/ASX 200 index closed 1.3% lower at 7,354.7 points. New Zealand's benchmark S&P/NZX 50 index ended 0.2% lower at 11,962.04 points. Brent crude for October delivery fell $1.71 at $83.20 a barrel on Wednesday.
US crude oil benchmark for September delivery lost $1.88 at $79.49 a barrel. Natural gas for September delivery lost 8 cents at $2.48 per 1,000 cubic feet. Gold for December delivery dropped $3.80 at $1,975 an ounce.
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