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Global Shares Mixed in Cautious Trading10/14 04:50
Global markets were mixed in cautious trading Wednesday, although interest
in computer chips and artificial intelligence continued to support some global
shares.
TOKYO (AP) -- Global markets were mixed in cautious trading Wednesday,
although interest in computer chips and artificial intelligence continued to
support some global shares.
France's CAC 40 gained 0.5% in early trading to 7,868.62, while the German
DAX edged up 0.4% to 25,368.18. Britain's FTSE 100 added 0.2% to 10,672.28.
U.S. shares were set to drift higher with Dow futures up 0.3% to 52,081.00. S&P
500 futures rose 0.2% to 7,872.75.
In Asia, Japan's benchmark Nikkei 225 declined less than 0.1% to finish at
67,744.29. Australia's S&P/ASX 200 declined 0.6% to 8,727.90. South Korea's
Kospi, which has undergone some volatile trading lately, fell 0.4% to 6,008.81.
Hong Kong's Hang Seng shed 0.1% to 24,314.17, while the Shanghai Composite
dipped nearly 0.9% to 3,767.23.
Global markets have been struck with various worries about high inflation,
increased pressure from the bond market and conflicts in the Middle East.
Worries have been high for a while about whether chip stock prices have shot
too high in the frenzy around AI technology.
China's memory chipmaker CXMT, which is making advances that could challenge
industry heavyweights, rose in early Wednesday trading in Asia, but then fell
back. In South Korea, Samsung Electronics Co. stocks also initially rose but
fell flat. SK Hynix slipped.
In energy trading, benchmark U.S. crude rose 0.05% to $94.19 a barrel. Brent
crude, the international standard, edged down 0.09% to $105.60 a barrel.
In currency trading, the U.S. dollar rose to 158.40 Japanese yen from
158.32. The euro was unchanged at $1.1203.
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