Global shares lower amid continuing global uncertainties

TOKYO (AP) — Global shares were generally lower yesterday amid continuing uncertainties that weighed on stocks as some traders took profits from a rally earlier in the week.

Germany’s DAX fell nearly 0.2 per cent in early trading to 11,504.67 and Britain’s FTSE 100 fell 0.1 per cent to 7,141.36. France’s CAC 40 was nearly unchanged at 5,270.65.

United States (US) shares were set to drift lower with Dow futures shedding 0.3 per cent to 25,522. S&P 500 futures were down 0.2 per cent at 2,792.70.

Japan’s benchmark Nikkei 225 dropped nearly one per cent to finish at 21,290.24. Australia’s S&P/ASX 200 lost 0.2 per cent to 6,161.20. South Korea’s Kospi slipped 0.4 per cent to 2,148.41. Hong Kong’s Hang Seng fell 0.5 per cent to 28,776.04, while the Shanghai Composite dipped 1.1 per cent to 3,026.95. Investors have been closely watching the status of Brexit, although they appeared to shrug off the latest developments. Parliament voted to reject a deal for the United Kingdom (UK) to exit from the European Union (EU). The move plunged the Brexit process into chaos just 17 days before Britain is due to leave the bloc.

Investors are also waiting for more details on any potential trade deal between the US and China. Costly tariffs have hurt both nations and investors hope a deal can be struck to at least take some pressure off the global economy, which has shown signs of cooling off.

CURRENCIES: The dollar inched up to 111.31 yen from Tuesday’s 111.26 yen. The euro rose to USD1.1286 from USD1.1256.

ENERGY: The price of benchmark US crude oil rose 41 cents to USD57.28 a barrel. It rose eight cents to USD56.87 a barrel on Tuesday. Brent crude rose 33 cents to USD67.00 a barrel.

A man walks past an electronic board showing Hong Kong share index outside a bank in Hong Kong. – AP