Global Market Report - November 20

Tech stocks were out of favour globally after the Nasdaq's slide, while European investors digested news surrounding Renault boss Carlos Ghosn

James Gard 20 November, 2018 | 11:08AM
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Global Market Report

Asia

A big slide on the Nasdaq on Monday set the tone for 2% plus falls in China and Hong Kong stock markets on Tuesday.

Hang Seng listed Tencent (00700) felt the brunt of the global tech sell-off, shedding over 3% on the day. At around 281 Hong Kong dollars, the tech bellwether’s stock is off around HKD 200 this year.

The Shanghai Composite Index, which briefly moved back 2,700 points yesterday, shed 2.1% today to 2,645 points. Hong Kong’s Hang Seng lost over 500 points or 2% to slide back below 26,000 points.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Apple Inc146.06 USD-1.83Rating
easyJet PLC630.40 GBX3.92Rating
Lowe's Companies Inc209.03 USD0.26Rating
Tencent Holdings Ltd461.80 HKD2.39Rating

About Author

James Gard  is content editor for Morningstar.co.uk

 

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