China stocks were little changed on Friday morning, but were set to post their biggest weekly decline since early August on trade uncertainties and slowing growth, ahead of a week-long holiday. Hong Kong shares slipped.
- The Hang Seng index dropped 0.3%, to 25,963.28 points.
- The Hong Kong China Enterprises Index lost 0.5%, to 10,156.97 points.
- The CSI300 index was unchanged at 3,842.67 points.
- The Shanghai Composite Index was flat at 2,928.97 points.
- MSCI’s Asia ex-Japan stock index was weaker by 0.28%
- Japan’s Nikkei index was down 1.24%.
European shares rose with London stocks outperforming due to a weaker pound, while hopes of a quick resolution to the U.S.-China trade war offset worries of slowing economic growth and rising political risks, as mentioned in the article by Reuters.
- The pan-European STOXX 600 index rose 0.5%.
- export-heavy London’s FTSE 100 up almost 1%, led by gains in oil majors and miners.
- The European basic resources sector .SXPP jumped 1.4%
- Norsk Hydro (NHY.OL), gained 1.9%, after a Brazilian court lifted its final production embargo on the company’s key plant.
United States: Down
As the Wall Street ended on a lower note as traders dealt with developments on the trade front and with a whistle-blower complaint against President Trump, the US markets are on an overall low this week, according to the stock news article by Microsoft News.
On the U.S.-China trade front, the two delegations are set to resume talks on October 10 in Washington D.C.
- NASDAQ Composite index down 0.58% to 8031.
- S&P 500 Index down 0.24% to 2978.
- Dow Jones Industrial Average down 0.30% to 26,891
- NYSE Composite index down 0.07% to 13,029
- Russel 2000 Index down 1.12% to 1,533.