Global stock markets mostly started the week lower, APA-Economics reports.
In the US market, the Dow Jones index fell by 0.15% to 48,904.78 points. The S&P 500 index rose by 0.04% to 6,881.62 points, while the Nasdaq index increased by 0.36% to 22,748.86 points.
The decline was sharper in European markets. The UK’s FTSE 100 index dropped by 1.20% to 10,780.11 points. Germany’s DAX index fell by 2.56% to 24,638.00 points. France’s CAC 40 index decreased by 2.17% to 8,394.32 points.
Key indices in the Asia-Pacific region also recorded losses. Japan’s Nikkei 225 index fell by 2.69% to 56,493.40 points. Hong Kong’s Hang Seng index declined by 0.29% to 25,985.12 points. China’s CSI 300 index dropped by 0.13% to 4,722.54 points.
According to analysts, the intensifying sell-off in European and Asian markets is linked to rising geopolitical tensions in the Middle East, uncertainty in energy markets, and investors shifting from riskier assets to safer instruments. In the US market, continued buying in the technology sector provided limited support to some indices.