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

  • 📰 CTVCalgary
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 68%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines