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Wednesday, 26 December 2018 11:00

Stocks under a cloud

Stocks under a cloud

Global stock markets headed into the year-end under a heavy cloud after another rout this week as U.S. political uncertainty added to heightened concerns over slowing global economic growth, Caspian Energy News (www.caspianenergy.net) reports with reference to Reuters.

Asian equities were shaky on Wednesday following a Christmas eve Wall Street plunge, as investors were unnerved by U.S. political developments including a U.S. federal government shutdown and President Donald Trump’s hostile stance toward the Federal Reserve chairman.

U.S. Treasury Secretary Steven Mnuchin had also raised market concerns by convening a crisis group amid the pullback in stocks.

S&P 500 emini futures moved in and out of the red and were last down 0.1 percent, pointing toward a subdued start for Wall Street when the U.S. market reopens after Christmas Day, when many of the world’s financial markets were shut.

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.15 percent.

The Shanghai Composite Index inched down 0.1 percent while South Korea’s KOSPI shed more than 1 percent.

Japan’s Nikkei bounced 0.75 percent after diving 5 percent the previous day to a 20-month low and slipping into bear market territory.

More details: https://www.reuters.com/article/us-global-markets/stocks-under-a-cloud-as-us-political-tumult-adds-to-growth-anxiety-idUSKCN1OP01V

Person in charge of the newsline: Olga Nagiyeva 

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