Declines were observed across major indices in the U.S. and European stock markets, APA-Economics reports.
On February 23, the Dow Jones index fell by 1.66% to 48,804.06 points, the S&P 500 declined by 1.04% to 6,837.75 points, and the Nasdaq dropped by 1.13% to 22,627.27 points on U.S. markets.
On an annual basis, however, growth continues. Over the past year, the Dow Jones has risen by 12.29%, the S&P 500 by 14.28%, and the Nasdaq by 17.32%.
A generally negative dynamic was also recorded in European markets. Germany’s DAX index fell by 1.06% to 24,991.97 points, France’s CAC 40 declined by 0.22% to 8,497.17 points, and the Euro Stoxx 50 decreased by 0.28% to 6,113.92 points. The United Kingdom’s FTSE 100 edged down by 0.02% to 10,684.74 points. Spain’s IBEX 35 was the only major index to post gains, rising by 0.56% to 18,288.70 points.
Mixed dynamics were observed in the Asia-Pacific markets. Japan’s Nikkei 225 index rose by 0.95% to 57,361.83 points, while the TOPIX index gained 0.27% to reach 3,818.79 points. Hong Kong’s Hang Seng index declined by 2.09% to 26,515.65 points. China’s CSI 300 index increased by 1.23% to 4,717.88 points. Meanwhile, Australia’s S&P/ASX 200 index edged down by 0.04% to 9,022.30 points.
Market participants are adopting a cautious stance amid uncertainty over the future trajectory of U.S. monetary policy, rising bond yields, and profit-taking in the technology sector. At the same time, selective gains in Asian markets are mainly linked to expectations regarding domestic economic indicators and increased buying activity in specific sectors.