Global Stocks Down After Wall Street Weekly Loss

Date: 21 November 2022 - 21:45

News ID: ۱۰۹۲۵۴

NEW YORK (Reuters) - Wall Street is following global stock markets lower to open a holiday-shortened week as anxiety over Federal Reserve plans for more interest rate hikes continues to weigh on investors.
Futures for the Dow Jones Industrial Average lost 0.2% early Monday and futures for the S&P 500 slid 0.6%.
U.S. stock indexes ended with a weekly loss Friday after a Fed official, James Bullard, rattled investors by suggesting that in order to bring down decades-high inflation, the central bank’s base lending rate might have to be raised to as much as almost double its already elevated level.
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At midday in Europe, the FTSE 100 in London inched up 0.1%, the DAX in Frankfurt sank 0.6% and the CAC 40 in Paris retreated 0.2%.
In Asia, Hang Seng in Hong Kong lost 1.9% to 17,655.91. It was down more than 3% earlier after the territory’s leader, John Lee, tested positive for the coronavirus after returning from an Asia-Pacific meeting in Bangkok.
The Shanghai Composite Index lost 0.4% to 3,085.04 and the Nikkei 225 in Tokyo lost 0.2% to 27,944.79.
The Kospi in South Korea fell 1% to 2,419.50 and Sydney’s S&P-ASX 200 lost 0.2% to 7,139.30.
India’s Sensex sank 0.9% to 61,132.92. New Zealand and Bangkok gained while Singapore and Jakarta declined.