Stock market today: World markets mostly higher; Turkiye, Thailand slip after elections

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World shares were mostly higher Monday after a weak start in Asia, while benchmarks fell in Turkiye and Thailand following weekend election upsets for their ruling parties.

The Borsa Istanbul 100 index was down 4.2% after dropping as much as 6% early Monday.

Elsewhere, Germany's DAX added 0.2% to 15,945.24 and the CAC 40 in Paris gained 0.5% to 7,451.20. Britain's FTSE 100 was up 0.3% at 7,775.47. "The sharp moderation in China's economic surprise index since the start of the month suggests that economic data are turning in less optimistic than before, which puts some doubts on markets' reopening bets," Yeap Jun Rong, a market analyst at IG, said in a commentary.

Hong Kong's Hang Seng index surged 1.8% to 19,971.13 while the Shanghai Composite index bounced back from early losses, gaining 1.2% to 3,310.74. Australia's S&P/ASX 200 edged 0.1% higher to 7,267.10, while the Kospi in South Korea picked up 0.2% to 2,479.35. Markets remain prey to worries about recession, high inflation and the U.S. government inching toward what could be a catastrophic default on its debt.

 

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