Global shares mostly decline after AI stocks lead a rebound on Wall Street
Synopsis
In Asia, Japan's main stock index, the Nikkei 225, fell 1.3% to close at 64,075.42. Australia's S&P/ASX 200 dropped 0.3% to 8,816.90. South Korea's Kospi fell 3.7% to 5,552.74 as excitement around AI-related stocks led to a decline. Hong Kong's Hang Seng fell 1.3% to 23,867.74, while the Shanghai Composite rose slightly by 0.1% to 3,735.37.
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Reuters
Stock markets around the world mostly fell on Tuesday as investors traded cautiously. This came after AI-related stocks recovered on Wall Street, even as other parts of the market remained uncertain and oil prices stayed high.
In early trading, France's CAC 40 fell 0.4% to 7,836.70, while Germany's DAX dropped 0.7% to 25,134.29. Britain's FTSE 100 declined 0.6% to 10,703.98.
U.S. stock markets were expected to open slightly higher. Dow futures rose 0.3% to 52,332.00. S&P 500 futures increased by less than 0.1% to 7,735.25.
In Asia, Japan's main stock index, the Nikkei 225, fell 1.3% to close at 64,075.42. Australia's S&P/ASX 200 dropped 0.3% to 8,816.90. South Korea's Kospi fell 3.7% to 5,552.74 as excitement around AI-related stocks led to a decline. Hong Kong's Hang Seng fell 1.3% to 23,867.74, while the Shanghai Composite rose slightly by 0.1% to 3,735.37.
Analysts said investors were also waiting for many major companies to release their upcoming earnings reports.
In energy trading, the price of U.S. crude oil, a key oil benchmark, jumped 2.13% to $105.87 a barrel. Brent crude, the main international oil benchmark, rose 1.10% to $110.75 a barrel. It remains unclear when the war with Iran will end and allow the energy industry to return to normal. Because of this uncertainty, oil prices are unlikely to fall soon.
In currency trading, the U.S. dollar slipped slightly to 158.16 Japanese yen, down from 158.46 yen. The euro rose to $1.1235 from $1.1227.
In early trading, France's CAC 40 fell 0.4% to 7,836.70, while Germany's DAX dropped 0.7% to 25,134.29. Britain's FTSE 100 declined 0.6% to 10,703.98.
U.S. stock markets were expected to open slightly higher. Dow futures rose 0.3% to 52,332.00. S&P 500 futures increased by less than 0.1% to 7,735.25.
In Asia, Japan's main stock index, the Nikkei 225, fell 1.3% to close at 64,075.42. Australia's S&P/ASX 200 dropped 0.3% to 8,816.90. South Korea's Kospi fell 3.7% to 5,552.74 as excitement around AI-related stocks led to a decline. Hong Kong's Hang Seng fell 1.3% to 23,867.74, while the Shanghai Composite rose slightly by 0.1% to 3,735.37.
Analysts said investors were also waiting for many major companies to release their upcoming earnings reports.
In energy trading, the price of U.S. crude oil, a key oil benchmark, jumped 2.13% to $105.87 a barrel. Brent crude, the main international oil benchmark, rose 1.10% to $110.75 a barrel. It remains unclear when the war with Iran will end and allow the energy industry to return to normal. Because of this uncertainty, oil prices are unlikely to fall soon.
In currency trading, the U.S. dollar slipped slightly to 158.16 Japanese yen, down from 158.46 yen. The euro rose to $1.1235 from $1.1227.