Outlook on Shares’ Performance Around the World
On Wednesday, European markets fell from one-month highs, with technology sectors leading the losses as worries about slowing economic growth were fueled by poor Wall Street titans’ earnings and a warning from a Dutch semiconductor supplier, ASM.
By 7:19 GMT, the STOXX 600 index for all of Europe was down 0.2%. On the expectation that the U.S. Federal Reserve will decrease the rate at which it raises interest rates, the index reached a higher than one month ago in the previous session. After disappointing reports from Wall Street tech heavyweights, including Microsoft Corp (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL) Inc., technology stocks saw the greatest declines, falling 1.7%.
ASM International (OTC: ASMIY) also fell 8.7% after the business warned that new export restrictions from the United States would negatively affect its sales in China. After the world’s second-largest brewery revealed a slower-than-anticipated beer sales increase during the third quarter, Heineken (OTC: HEINY) NV fell 7.0%.
Asia and Australia
After the market closed on Wednesday, Australian equities rose as advances in the A-REITs, utilities, and gold sectors drove up stock prices.
The S&P/ASX 200 increased 0.18% at the Sydney market’s close. Moreover, the S&P/ASX 200’s Costa Group Holdings Ltd (ASX: CGC) increased the most throughout the day by 10.76% or 0.24 points to close at 2.47, which was the top performer. Furthermore, Kogan.com Ltd (ASX: KGN) was up 6.38% or 0.21 points to 3.50 in the late afternoon, and Westgold Resources Ltd (ASX: WGX) gained 8.00% or 0.06 points to close at 0.81. Codan Ltd (ASX: CDA), which dropped 20.70% or 1.01 points to conclude trading at 3.87, was the worst-performing stock of the session.
After the market closed on Wednesday, Japanese equities rose as increases in the chemical, petroleum, plastics, rubber, and communication sectors drove up stock prices. The Nikkei 225 gained 0.67 percent to reach a new one-month high at the Tokyo market’s close. On the Nikkei 225, Denka Co Ltd (TYO:4061), which increased by 6.37% or 205.00 points to close at 3,425.00, was today’s top performance Rakuten Inc. (TYO:4755) went up 3.38% or 22.00 points to 672.00 in late trade, and T&D Holdings, Inc. (TYO:8795) increased by 3.73% or 52.00 points to close at 1,445.00.
