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BEIJING (AP) – Global equity markets were mixed on Wednesday after Wall Street gained strong corporate earnings in US-China trade tensions
SCORE: At the start of the session, the FTSE 100 lost 0, 3% to 7,683.49 while the CAC 40 gained 0.2 percent to 5,444.76. The Frankfurt DAX lost 0.1% to 12,669.84. On Tuesday, the DAX rose by 1.1%, the CAC 40 by 1% and the FTSE 100 by 0.7%. On Wall Street, the future of the Standard & Poor's 500 Index was 0.1% while that of the Dow Jones Industrial Average remained unchanged.
ASIA: The Tokyo Nikkei 225 gained 0.5% to 22,614.25 while the Shanghai Composite Index was unchanged. 2903.65. The Hong Kong Hang Seng rose 0.9% to 28,920.09 and the Seoul Kospi 0.3% to 2,273.03. The Sydney S & P-ASX 200 fell 0.3% to 6,247.60 while the Sensex of India was up 0.3% to 36,922.41. Benchmarks in New Zealand and Southeast Asia increased as Taiwan declined.
WALL STREET: Technology companies and health stocks outperformed the losses of consumer goods manufacturers, retailers and other sectors. Small company stocks fell sharply, as investors weighed the impact of the Trump administration 's decision to send emergency assistance to farmers hurt by tariffs in a trade dispute with China. The Standard & Poor's 500 index rose 0.5% to 2,820.40. The Dow Jones Industrial Average gained 0.8% to 25,241.94. The Nasdaq composite lost 1.11 point to 7,840.77
TRADE-USA: Peasants accepted government money to make up for lost exports, but they would prefer President Donald Trump to rule out trade disputes with China, Mexico, Canada and Europe. The Ministry of Agriculture announced a $ 12 billion plan to pay producers of soybeans, sorghum, corn, wheat, cotton, dairy products and hogs. The USDA will also buy the surplus of products that would have been exported and distribute them to food banks and other nutrition programs. This will cover fruits, nuts, rice, legumes, beef, pork and milk.
ANALYST'S COMMENT: Trump's comment on Twitter that "the rates are the best!" suggests that "the relief will be short-lived," said Vishnu Varathan of Mizuho Bank in a report. Donald Trump's help to peasants "stay on tariffs for now, or at least increase pressure" in anticipation of possible US-China negotiations
DAMASASSE: Shares of SK E Affiliates & C have sunk A portion of a dam built in Laos by the South Korean construction company has caused floods that have killed at least two people. Investors are concerned about potential claims and damages to SK E & C's overseas operations. Shares of SK Discovery Co., its second largest shareholder with a stake of 28, 25, plummeted more than 11% to their lowest level in three years.
ENERGY: The US crude Benchmark lost 3 cents to $ 68.49 a barrel York Mercantile Exchange. The contract rose 63 cents on Tuesday to close at $ 68.52. Brent crude, used for the price of international oils, added 44 cents to $ 73.88 a barrel in London. He advanced 38 cents the previous session to $ 73.44.
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