NEW YORK — U.S. stocks are holding relatively steady following the latest scary swerves for Chinese markets. The S&P 500 slipped 0.1% in early Wednesday trading. The Dow Jones Industrial Average was little changed, and the Nasdaq composite was down 0.2%. Treasury yields and oil prices were also holding relatively steady after big jumps in both helped send the S&P 500 reeling on Monday. The modest moves followed another manic day in China.
The Shanghai Composite lost 6.6% to 3,258.86 after it gained 4.6% Tuesday as it reopened from a weeklong national holiday. The CSI 300 Index, which tracks the top 300 stocks traded in the Shanghai and Shenzhen markets, gave up 7.1%.Hong Kong’s Hang Seng index shed 1.5% to 20,618.79. That followed a plunge of more than 9% on Tuesday.
That ministry is due to hold a briefing on Saturday that could provide further details on planned government outlays that so far have fallen short of what investors have been hoping for. In Tokyo, the Nikkei 225 index advanced 0.9% to 39,277.96. Shares of the Japanese retailer Seven & i Holdings gained 4.7% after media reported that Canadian convenience store operator Alimentation Couche-Tard had increased its takeover bid by about 20%.
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