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World shares mostly lower after mixed session on Wall Street

publish time

15/05/2025

publish time

15/05/2025

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Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) in Seoul, South Korea on May 15. (AP)

WASHINGTON, May 15, (AP): World shares and US futures slipped Thursday after US stocks drifted to a mixed close on Wall Street. Oil prices fell about $2 a barrel. China moved to reverse some of its "non-tariff” measures against the US as agreed with Washington in their temporary trade war cease-fire and most markets traded in a narrow range.

The future for the S&P 500 lost 0.3% while that for the Dow Jones Industrial Average was down 0.5%. Germany's DAX shed 0.8% to 23,344.95, while the CAC 40 in Paris was down 0.4% at 7,804.46. Britain's FTSE 100 slipped 0.5% to 8,540.97. In Asian trading, Japan's Nikkei 225 index dropped 1% to 37,7755.51. Computer chip-related stocks were among the biggest decliners, with Disco Corp falling 3.2% and Advantest down 1.1%.

Hong Kong's Hang Seng dropped 1.1% to 23,382.26, while the Shanghai Composite index lost 0.7% to 3,380.82. Taiwan's Taiex fell 0.2% and India's Sensex also was down 0.2%. In Australia, the S&P/ASX 200 edged 0.2% higher to 8,297.50. South Korea's Kospi gave up 0.7% to 2,621.36. On Wednesday, a choppy day of trading on Wall Street ended with a mixed finish as gains by several big technology stocks helped temper losses.

The S&P 500 edged up 0.1% to 5,892.58 and the Dow Jones Industrial Average slipped 0.2% to 42,051.06. The Nasdaq composite rose 0.7% to 19,146.81. Super Micro Computer surged 15.7% after signing a partnership agreement with Saudi Arabian data center company DataVolt. Advanced Micro Devices gained 4.7% after announcing a $6 billion stock buyback program. Nvidia rose 4.2% and Google parent Alphabet added 3.7%. The US will release its April report for inflation at the wholesale level on Thursday, and economists expect an easing of price pressures.