Global Market Report - November 8

Asian shares benefited from gains in US indices on Wednesday, but European markets were held back by weaker growth forecasts

James Gard 8 November, 2018 | 10:52AM
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Global Market Report

Asia

The rise in US markets on Wednesday helped most Asia-Pacific stock markets to post reasonable gains on Thursday. Japan’s Nikkei 225 rose over 400 points to 22,486, a gain of nearly 2%, helped by a fall in the Japanese yen against the US dollar.

Hong Kong’s Hang Seng managed a modest gain, but once again the Shanghai stock market lagged wider regional movements higher. The Shenzhen Component Index was also weaker on the day.

China’s trade surplus gained in October from a month before, in both local currency and US dollar terms. Imports and exports grew at a rate of 26% and 21% respectively in Chinese yuan.  

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AstraZeneca PLC8,699.00 GBX-1.09Rating
Brookfield Asset Management Inc Class A72.52 CAD-0.25
Burberry Group PLC1,836.50 GBX-1.92Rating
Sainsbury (J) PLC294.70 GBX-0.64Rating
The Walt Disney Co171.14 USD-3.01Rating

About Author

James Gard  is content editor for Morningstar.co.uk