Global Market Report - September 28

Asian markets rose on the last trading day of the month and US investors were closely watching the fate of Tesla after Elon Musk was accused of fraud by the SEC

James Gard 28 September, 2018 | 11:00AM

Global Market Report

Asia

China stocks defied the odds with a rise at the end of an uncertain week. The Shanghai Composite Index rose 1% to move above 2,800 points, to end the trading week higher – and indeed the month of September, which has seen the war of words over trade between the US and China escalate. Still, the index is down about 600 points since the start of the year.

China markets are closed for next week for national day public holidays.

Japan’s Nikkei 225 rose over 300 points to move back above 24,000 points as the yen lost ground against the dollar, which traded above 113.5 yen – the highest level since December 2017.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
RSA Insurance Group PLC419.90 GBX1.74
Tesla Inc1,544.65 USD10.78

About Author

James Gard  is content editor for Morningstar.co.uk

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