Global Market Report - September 7

European stock markets were weaker ahead of the monthly US jobs report, while the United States is expected to impose $200 billion on China today

James Gard 7 September, 2018 | 11:00AM

Global Market Report

Asia

The Hong Kong stock market paused for breath after a turbulent week which saw the Hang Seng drop below 27,000 points. The index is now a long way off the 33,000 points level hit earlier in the year, dragged down by trade fears, the emerging market crisis and by the weaker performance of mainland China’s stock markets, particularly the Shanghai Composite Index.

The Shanghai Index crept above 2,700 points, but the level looks like a pause after turbulent few months for the index. The US is expected to impose another $200 billion in tariffs on China goods, and Chinese Government is expected to respond in kind.

Japan’s Nikkei 225 dropped another 180 points to 22,307 despite further weakness in the Japanese yen against the dollar.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
International Consolidated Airlines Group SA215.50 GBX-1.46

About Author

James Gard  is content editor for Morningstar.co.uk

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