Stock market today: World shares are mixed after Wall St powers to more records
abcnews.go.comWorld shares are mixed, with Hong Kong's benchmark down more than 3%, after Wall Street rolled to more records
BANGKOK — World shares were mixed on Tuesday after Wall Street rolled to more records, with Hong Kong's benchmark losing more than 3%.
Oil prices shed more than $3 a barrel.
Germany's DAX gained 0.3% to 19,564.16, while the CAC 40 in Paris dropped 0.7% to 7,547.36. Britain's FTSE 100 lost 0.5% to 8,253.07.
The futures for the S&P 500 and the Dow Jones Industrial Average fell less than 0.1%.
Chinese shares extended losses after the government reported late Monday that growth in exports fell sharply in September, adding to signs of weakness in the economy.
The Shanghai Composite index lost 2.5% to 3,201.29, while the Hang Seng in Hong Kong gave up 3.7% to 20,318.79.
Weaker than expected data on lending and prices have undermined already fragile market sentiment that has wavered as investors await fresh details on the government plans for stimulus to help rev up the economy.
“Market participants continue to seek for clarity around fiscal stimulus support from Chinese authorities, but the lack of commitment remains a source of reservation for risk-taking in Chinese equities,” Yeap Jun Rong of IG said in a commentary.
Tokyo's Nikkei 225 index gained 0.8% to 39,910.55, while the Kospi in Seoul gained 0.4% to 2,633.45.
In Australia, the S&P/ASX 200 was up 0.8% to 8,318.40.
Also early Tuesday, the dollar fell to 148.89 Japanese yen from 149.83 yen. The euro rose to $1.0915 from $1.0911.
U.S. benchmark crude dropped $3.73 to $70.10 per barrel. Brent crude, the international standard, skidded $3.79 to $73.67 per barrel.
“The oil market is on a wild ride, caught in a whirlwind of geopolitical tension, OPEC+
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