Global Market Report - May 29, 2018

Political instability in Europe has resurfaced again and stock markets have reacted badly to events in Italy and Spain

James Gard 29 May, 2018 | 11:02AM

Asia

The global mood of uncertainty was maintained by Asia-Pacific on Tuesday, even without any direction being given by US markets, which were closed for Memorial Day.

Hong Kong’s Hang Seng was one of the biggest fallers in percentage terms, shedding 1% on the day. While the index has performed strongly this month, pushing above 31,000 points, it is danger of ending the month where it started, just above 30,000.

The region’s tech firms were under pressure this week, especially those involved in the production of screens for the Apple iPhone (AAPL), amid reports that the US tech giant is planning a shift from LCD to OLED screens.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Apple Inc382.73 USD0.36
Dixons Carphone PLC86.65 GBX1.29

About Author

James Gard  is content editor for Morningstar.co.uk

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