Global stocks give ground, Brexit stumps sterling | Malay Mail

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LONDON, Dec 8 — World stocks fell today as investors struggled to keep the rally of recent weeks going with Covid-19 infections still surging and London and Brussels stuck in Brexit purgatory. Europe’s main markets saw a second day of red as the Brexit drama and some fresh US-China tensions...

A man takes part in a demonstration at the London stock exchange during an Extinction Rebellion protest in London, Britain April 25, 2019. — Reuters pic

A meeting in Brussels between British Prime Minister Boris Johnston and European Commission President Ursula von der Leyen in the coming days is now seen as possibly the only way to salvage a trade deal. Japan’s Nikkei 225 had dipped 0.3 per cent, Seoul’s Kospi gave back 1.6 per cent of its 20 per cent in November. China was off 0.25 per cent and Hong Kong dropped 0.6 per cent as Sino-US tensions continued to weigh on the market.

Tesla announced a US$5 billion capital raise today, its second such move in three months, as the electric-car maker cashes in on a rally in its shares this year. The pound was down 0.3 per cent in London at US$1.3338, although that was well above yesterday’s low of US$1.3225.

 

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