Mixed dynamics were observed in global stock markets, APA-Economics reports.
On March 30, the Dow Jones in U.S. stock markets increased by 0.11% to 45,216.14 points. The S&P 500 decreased by 0.39% to 6,343.72 points, while the Nasdaq Composite fell by 0.73% to 20,794.64 points. The NYSE Composite declined by 0.24%, and the S&P/TSX Composite decreased by 0.08%.
In European markets, a positive dynamic prevailed. The Euro Stoxx 50 rose by 0.65% to 5,541.79 points, the FTSE 100 increased by 1.61% to 10,127.96 points, and the DAX gained 1.18% to 22,562.88 points. The CAC 40 rose by 0.92%, and the IBEX 35 increased by 0.99%.
In the Asia-Pacific region, declines were observed in major indices. The Nikkei 225 fell by 1.35% to 51,184.19 points. The TOPIX declined by 0.96%, Hang Seng by 0.51%, and CSI 300 by 0.58%. Only the S&P/ASX 200 increased by 0.56%. The MSCI Asia Pacific index declined by 2.12%.
According to analysts, the mixed dynamics in global markets are mainly related to increased selling of technology stocks in the U.S. and investors taking profits. As such, investors preferred selling to “lock in” profits in technology stocks that had previously risen rapidly, which led to a decline in indices.
At the same time, the decline in Asian markets is linked to concerns over the pace of economic growth in the region and investors adopting a more cautious stance amid rising global risks.
