Major indices in the US and Europe rose in global stock markets, while mixed dynamics were recorded in Asia, APA-Economics reports.
In the US, the Dow Jones index rose by 253.38 points, or 0.49%, to 51,521.28 points, while the S&P 500 gained 44.98 points, or 0.58%, to reach 7,818.93 points. The Nasdaq Composite rose by 122.58 points, or 0.45%, to 27,599.89 points. The S&P 500 and Nasdaq Composite closed the session at record levels. The NYSE Composite rose 0.56%, while Canada’s S&P/TSX Composite index gained 0.37%.
All major indices also rose in Europe. The Euro Stoxx 50 increased by 0.48% to 6,272.23 points, the UK’s FTSE 100 rose by 0.42% to 10,541.69 points, and Germany’s DAX gained 0.77% to reach 25,449.19 points. France’s CAC 40 rose by 0.40% to 7,865.07 points, while Spain’s IBEX 35 increased by 0.75% to 19,444.20 points.
In the Asia-Pacific region, however, mostly negative dynamics were observed. Japan’s Nikkei 225 fell by 0.74% to 70,163.43 points, while the TOPIX declined by 0.48% to 4,163.63 points. Hong Kong’s Hang Seng index fell by 0.53% to 24,151.90 points, while Australia’s S&P/ASX 200 slipped by 0.07% to 8,729.80 points. The latest figure for China’s CSI 300 index is from September 30, as mainland Chinese markets are closed for the National Day holiday.
The main factors behind market dynamics are the stabilization of oil prices, declining bond yields, and increased demand for shares of US companies linked to artificial intelligence. These factors supported record highs in the US and gains in Europe.
In Asia, meanwhile, a renewed rise in oil prices and growing tensions between Saudi Arabia and Yemen’s Houthis made investors more cautious. The minutes of the Federal Reserve’s September meeting are also in focus.