European and Asian stocks trade low along with the dollar and gold
The post European and Asian stocks trade low along with the dollar and gold appeared on BitcoinEthereumNews.com. Global stocks slumped Monday as Asia and Europe saw scattered losses, the dollar dropped to a five-week low, the euro retreated, and gold climbed to levels not seen since April. In Asia, traders reacted to the mixed batch of factory data from China. A private gauge of manufacturing activity (the RatingDog index) came in at 50.5 for August, barely signaling growth. That was a slight improvement from July’s 49.5. But the government’s own official PMI, released a day earlier, stayed stuck under 50 at 49.4, up marginally from the previous 49.3. Both readings showed China’s factory sector is far from recovering in full. At the Shanghai Cooperation Organization’s two-day security summit, Chinese President Xi Jinping urged member nations to “strengthen cooperation in artificial intelligence.” Speaking at the opening session, Xi said the group should reject what he described as a “Cold War mentality.” Hang Seng rallies, but Japan and Korea slide The Hang Seng index in Hong Kong closed 2.17% higher at 25,617.42, led by a strong showing from Alibaba Group, which jumped 18.58%. CSPC Pharmaceutical Group surged 9.53% and WuXi Biologics rose 8.37%. On the mainland, the CSI 300 gained 0.6% and ended the session at 4,523.71, despite volatile trade. Japan’s Nikkei 225 slid 1.24% to 42,188.79, weighed down by semiconductor losses. Advantest lost 7.92%, Disco Corporation dropped 7.71%, and Socionext fell 6.32%. The broader Topix also declined 0.39%, finishing at 3,063.19. Over in South Korea, the Kospi lost 1.35%, ending at 3,142.93, while the Kosdaq slipped 1.49% to 785. Australia wasn’t spared either. The S&P/ASX 200 dropped 0.51%, closing at 8,927.70. Only India bucked the trend. The Nifty 50 gained 0.66% and the BSE Sensex climbed 0.6% as of early afternoon. Trump tariffs overturned as European indexes hold steady In the U.S., Trump took a legal hit on…
The post European and Asian stocks trade low along with the dollar and gold appeared on BitcoinEthereumNews.com.
Global stocks slumped Monday as Asia and Europe saw scattered losses, the dollar dropped to a five-week low, the euro retreated, and gold climbed to levels not seen since April. In Asia, traders reacted to the mixed batch of factory data from China. A private gauge of manufacturing activity (the RatingDog index) came in at 50.5 for August, barely signaling growth. That was a slight improvement from July’s 49.5. But the government’s own official PMI, released a day earlier, stayed stuck under 50 at 49.4, up marginally from the previous 49.3. Both readings showed China’s factory sector is far from recovering in full. At the Shanghai Cooperation Organization’s two-day security summit, Chinese President Xi Jinping urged member nations to “strengthen cooperation in artificial intelligence.” Speaking at the opening session, Xi said the group should reject what he described as a “Cold War mentality.” Hang Seng rallies, but Japan and Korea slide The Hang Seng index in Hong Kong closed 2.17% higher at 25,617.42, led by a strong showing from Alibaba Group, which jumped 18.58%. CSPC Pharmaceutical Group surged 9.53% and WuXi Biologics rose 8.37%. On the mainland, the CSI 300 gained 0.6% and ended the session at 4,523.71, despite volatile trade. Japan’s Nikkei 225 slid 1.24% to 42,188.79, weighed down by semiconductor losses. Advantest lost 7.92%, Disco Corporation dropped 7.71%, and Socionext fell 6.32%. The broader Topix also declined 0.39%, finishing at 3,063.19. Over in South Korea, the Kospi lost 1.35%, ending at 3,142.93, while the Kosdaq slipped 1.49% to 785. Australia wasn’t spared either. The S&P/ASX 200 dropped 0.51%, closing at 8,927.70. Only India bucked the trend. The Nifty 50 gained 0.66% and the BSE Sensex climbed 0.6% as of early afternoon. Trump tariffs overturned as European indexes hold steady In the U.S., Trump took a legal hit on…
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