FTSE 100 Edges Lower On Uncertainty Over China's COVID Situation

RTTNews | 1028 days ago
FTSE 100 Edges Lower On Uncertainty Over China's COVID Situation

(RTTNews) - U.K. stocks drifted lower on Thursday as commodity-related stocks declined on uncertainty about the COVID situation in China and mounting worries about a recession in the U.S.

Amid a rise in the number of new COVID-19 cases, Chinese hospitals and funeral homes are currently under intense pressure.

The benchmark FTSE 100 was down 30 points, or 0.4 percent, at 7,466 after rising 0.3 percent on Wednesday.

Miners Anglo American, Antofagasta and Glencore fell between half a percent and 1 percent, tracking weakness in commodity prices.

Oil & gas firm BP Plc fell over 1 percent and Shell gave up 0.8 percent.

Iron ore pellets manufacturer Ferrexpo declined 1.2 percent. The company said that the detention of its non-executive director Kostyantin Zhevago by the French authorities was unrelated to matters at the company.

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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market moves on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling well below the 9,050 level, following the mixed cues from Wall Street overnight, dragged by tumbling gold mining stocks as bullion prices recorded its biggest intra-day drop in nearly 12 years.
RTTNews | 49 minutes ago
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders may be reluctant to continue buying stocks amid lingering concerns about the U.S.-China trade tensions and the ongoing US government shutdown. A lack of major U.S. economic data due in part to the shutdown may also have kept some traders on the sidelines.
RTTNews | 1h 26min ago
Thai Shares: Strong Resistance At 1,300 Points

Thai Shares: Strong Resistance At 1,300 Points

The Thai stock market has finished higher in back-to-back sessions, gathering more than 15 points or 1.2 percent in that span. The Stock Exchange of Thailand now sits just above the 1,290-point plateau although it figures to see little movement on Wednesday.
RTTNews | 2h 35min ago
Soft Start Expected For Indonesia Stock Market

Soft Start Expected For Indonesia Stock Market

The Indonesia stock market has moved higher in back-to-back sessions, gathering more than 310 points or 3.9 percent along the way. The Jakarta Composite Index now rests just beneath the 8,240-point plateau although it figures to open in the red on Wednesday.
RTTNews | 3h 5min ago
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese stock market is trading sharply lower on Wednesday, reversing the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 48,700 level, with weakness across most sectors led by index heavyweights and technology stocks.
RTTNews | 3h 17min ago
Rally May Stall For Hong Kong Stock Market

Rally May Stall For Hong Kong Stock Market

The Hong Kong stock market has moved higher in consecutive trading days, advancing more than 775 points or 2.8 percent along the way. The Hang Seng Index now rests just above the 26,025-point plateau although it's expected to open to the downside on Wednesday.
RTTNews | 3h 20min ago
China Stock Market May Spin Its Wheels On Wednesday

China Stock Market May Spin Its Wheels On Wednesday

The China stock market has climbed higher in two straight sessions, advancing more than 75 points or 1.9 percent in that span. The Shanghai Composite Index now sits above the 3,915-point plateau although it's expected to open under pressure on Wednesday.
RTTNews | 3h 35min ago
Australian Market Significantly Lower

Australian Market Significantly Lower

Australian shares are trading significantly lower on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling well below the 9,050 level, following the mixed cues from Wall Street overnight, dragged by tumbling gold mining stocks as bullion prices recorded its biggest intra-day drop in nearly 12 years.
RTTNews | 3h 39min ago