TOKYO – Global shares were mixed Monday in cautious trading after Wall Street closed the week with new milestones as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs.
France’s CAC 40 slipped less than 0.1 percent in early trading to 5,938.87, while Germany’s DAX rose almost 0.1 percent to 13,252.40. Britain’s FTSE 100 was little changed, inching up to 7,303.90 in early trading.
The shares of the United States (US) were set to drift higher with Dow futures gaining 0.3 percent to 28,023. S&P 500 futures were up 0.2 percent at 3,124.50.
Japan’s benchmark Nikkei 225 edged up 0.5 percent to finish at 23,416.76. Australia’s S&P/ASX 200 fell 0.4 percent to 6,766.80. South Korea’s Kospi was little changed, slipping less than 0.1 percent to 2,160.69. Hong Kong’s Hang Seng added 1.3 percent to 26,665.26, while the Shanghai Composite was up 0.6 percent at 2,909.20.
“Market’s focus this week will still lie on the US-China trade talk, and updates in Hong Kong. Hong Kong’s domestic economy is on the verge of a recession as the recent riot has adversely hurt its retail, service, tourism, aviation, education sectors and has caused severe reputational damage to the city as one of Asia’s most important financial hubs,” said Margaret Yang Yan, analyst at CMC Markets in Singapore. (AP)
