BANGKOK (AP) — European and Asian markets were mostly lower on Wednesday after U.S. stocks hit record highs, pushed by selling in technology and energy sector stocks.
The UK’s FTSE 100 index rose 0.6% to 8,299.96 following the government’s next report. uk inflation In September, it fell to 1.7%, the lowest level in three years. This has increased expectations that the Bank of England will cut interest rates at its next policy meeting.
In Paris, the CAC40 fell 0.6% to 7,473.90, while Germany’s DAX fell 0.4% to 19,414.56.
The outlook for the S&P 500 was flat, but the Dow Jones Industrial Average fell 0.1%.
In Asian trading, tech stocks fell after Dutch computer chip equipment supplier ASML warned of a slow recovery in demand for semiconductors outside of the AI boom, and the Nikkei Stock Average in Tokyo fell 1.8% to 30,000 yen. The price was 9,180 yen.30, leading the decline.
Chipmaker Tokyo Electron fell 9.2%, while Lasertec, which makes chip testing equipment, fell 13.4%.
In ASML’s latest quarterly earnings call, CEO Christophe Fouquet said that while AI continues to have strong upside potential, “other market segments have taken longer to recover.” ” ASML shares traded in the U.S. fell 16.3%.
ActivTrades’ Anderson Alves said: “We are concerned by reports that the US is considering new restrictions on chip exports to certain countries, specifically targeting Nvidia and AMD, due to national security concerns. is also increasing,” he said in the commentary. Traders are keeping an eye on Taiwan Semiconductor Manufacturing Co.’s earnings report on Thursday. TMSC stock fell 2.3% on Wednesday.
Elsewhere in Asia, Australia’s S&P/ASX 200 index fell 0.4% to 8,284.70.
In Seoul, the Kospi fell 0.9% to 2,610.36, while Taiwan’s ThaiEx fell 1.2%. India’s Sensex fell 0.5%.
Hong Kong’s Hang Seng Index rebounded between gains and losses, closing 0.2% lower at 20,286.85, while the Shanghai Composite Index rose less than 0.1% to 3,202.95.
The central banks of the Philippines and Thailand have lowered benchmark interest rates to ease pressure on their economies.
The Bangkok market’s SET rose 1.3% after the Bank of Thailand cut its key policy interest rate by 0.25 percentage points to 2.25%, saying it was aimed at reducing rising household debt weighing on the economy.
In the Philippines, Bank of Pilipinas lowered its base interest rate by 0.25 points to 6%.
On Tuesday, Wall Street retracted the record, with the S&P 500 index down 0.8%, a day after setting a record high. Best ever This year is the 46th time. The Dow Jones Industrial Average fell 0.8%, and the Nasdaq Composite Index fell 1%.
ExxonMobil fell 3%, making energy stocks the steepest decline on Wall Street as oil prices fell more than 4%. A barrel of Brent crude oil, the international standard, has fallen below $75 from more than $80 last week.
Oil prices have fallen as China’s slowing economic growth raises concerns about oil demand. At the same time, concerns about the possibility of Israel attacking Iranian oil facilities as part of retaliation against Iran have receded. Missile attack earlier this month. Iran is a major producer of crude oil, and a strike could disrupt exports to countries such as China.
Oil prices fell back into losses early Wednesday, with benchmark U.S. crude down 12 cents to $70.46 a barrel. Brent crude oil fell 11 cents to $74.14 per barrel.
In currency trading, the dollar rose from 149.22 yen to 149.43 yen. The euro fell from $1.0892 to $1.0885.
