European shares were trading lower in early deals on Wednesday, led by losses in technology stocks, as fears that major economies might be on the brink of recession intensified.[FRANKFURT] European shares were trading lower in early deals on Wednesday, led by losses in technology stocks, as fears that major economies might be on the brink of recession intensified.
A deep inversion in the US Treasury yield curve once again rattled investors still worried about economic growth in the face of a US-China trade war that is now in its second year and is weighing on the global economy. The pan-European STOXX 600 index slipped 0.47 per cent by 0715 GMT, with Germany's trade-sensitive DAX underperforming with a 0.54 per cent drop.
The biggest fallers on the DAX were software provider SAP SE , chipmaker Infineon Technologies AG and payments company Wirecard AG. They were down between 0.9 per cent and 1.2 per cent.
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Stocks to watch: Wing Tai, Oxley, Heeton, Tiong SengTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
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Tokyo: Stocks open modestly higher on Wednesday[TOKYO] Tokyo stocks opened slightly higher on Wednesday, as positive sentiment from China's announcement of stimulus and bargain-hunting purchases offset the negative impact of losses on Wall Street. Read more at The Business Times.
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Hong Kong: Stocks open higher on Wednesday[HONG KONG] Hong Kong stocks started Wednesday with gains after taking a hit over the previous two days on China-US trade uncertainty and worries about protests that have gripped the city for months. Read more at The Business Times.
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Singapore stocks: STI resumes Wednesday afternoon at 3,068.44, up 0.03% on daySINGAPORE shares resumed trading in positive territory on Wednesday afternoon, with the Straits Times Index gaining 0.03 per cent, or 0.92 point to 3,068.44 as at 1.05pm. Read more at The Business Times.
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Asian stocks find modest support on firmer US futuresAsian shares eked out meager gains on Wednesday, as higher Wall Street futures provided some relief for investors after an overnight U.S. selloff, ...
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