Share sales spread from US to global market

Texas News Today

Global markets have fallen, tracking technology-led selling of US stocks and investors facing new concerns about the health of China’s real estate sector.

The Nikkei 225 fell 2.8% as of Tuesday afternoon, with SoftBank Group Corporation, one of the index’s biggest constituents, up 4.2% and electronics and entertainment giant Sony Group Corporation...

2.1% decrease.

In other parts of the region, South Korea’s Kospi Composite fell 1.6% and Australia’s S&P/ASX 200 fell 0.7%. Hong Kong’s Hang Seng Index has remained almost flat compared to its opening losses. Markets in mainland China were closed for the holiday.

However, US equity futures rose, and futures rose 0.1% and 0.4% in the S&P 500 and Nasdaq 100 indexes, respectively, suggesting that US markets could gain some ground in a trading session on Tuesday. Growth.

Concerns about Chinese real estate companies that have been fueled by the financial burden of China’s Evergrande Group in recent weeks,

Resurrected by smaller rival Fantasia Group Holdings Co...

Late Monday, he said he had failed to repay the mature dollar bond. Shares of Fantasia have closed, but the LipoSelect HK & Mainland Property Index is down more than 3%.

In the bond market, the benchmark 10-year Treasury yield rose slightly to 1.488% from 1.481% on Monday, according to Tradeweb.

Evergrande, China’s most debt-ridden real estate developer, is struggling to survive, keeping the global market at the forefront and prompting protests domestically. The WSJ explains why the company’s crisis is raising questions about the world’s second largest economic situation. Photo: Alex Pleawski/Shutterstock

Copyright © 2021 DowJones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8


Please enter your comment!
Please enter your name here