Wednesday 3 March 2021
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business-standard - 8 days ago

Global shares mixed amid vaccine optimism, US technology sell-off

Global markets were mixed Tuesday after a sell-off of shares in technology companies on Wall Street. France s CAC 40 edged 0.3per cent higher in early trading to 5,782.75, while Germany s DAX was little changed, up less than 0.1per cent at 13,953.13. Britain s FTSE 100 gained 0.5per cent to 6,646.83. U.S. shares were set for gains, with Dow futures up 0.3per cent at 31,548. S P 500 futures rose 0.2per cent to 3,882.88. Tokyo was closed for a national holiday. South Korea s Kospi slipped 0.3per cent to 3,070.09. Australia s S P/ASX 200 gained 0.9per cent to 6,839.20. Hong Kong s Hang Seng jumped 1.0per cent to 30,632.64, while the Shanghai Composite lost 0.2per cent to 3,636.36. The technology sell-off spilled into Asia. Chinese cell phone maker Xiaomi fell 3.1per cent, e-commerce giant Alibaba lost 1.2per cent and Taiwan computer chip maker declined 1.4per cent. Although the world s economies have been battered by the coronavirus pandemic, the deployment of COVID-19 vaccines ..


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