Global Market Report - October 8

Chinese stock markets slumped as traders returned from a five-day absence

James Gard 8 October, 2018 | 11:14AM

Global Market Report

Asia

After a week-long break for national holidays, the Shanghai stock market slumped nearly 4% on the previous closing levels. The CSI 300 was off 4.3% to 3,290 points at the close.

Better-the-expected Caixin services data failed to life investors’ mood on the return to work as they had to catch up with a range of factors, including the NAFTA deal, a weakening yuan and softer manufacturing data released last week.

Japan’s stock market was closed for a public holiday.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
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French Connection Group PLC7.70 GBX-4.35
JPMorgan Chase & Co97.31 USD-2.55
Lloyds Banking Group PLC29.87 GBX-4.81
Schroders PLC2,955.00 GBX-1.34
The Royal Bank of Scotland Group PLC110.35 GBX-6.52

About Author

James Gard  is content editor for Morningstar.co.uk

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