Piazza Affari opens with a sharp decline, Tokyo and Seoul nosedive in the wake of Wall Street
Quick Look
- Strongly negative start for the Milan Stock Exchange and Asian markets, in the wake of Wall Street and fears related to the US elections.
- Tokyo lost almost 6% and Seoul 6% net.
AI-generated summary
Why It Matters
Global financial markets react negatively to the performance of Wall Street and the political uncertainties linked to the elections in the United States.
Widely negative start for the Milan Stock Exchange: the first Ftse Mib index marks a decline of 1.68%, the Ftse All share a decline of 1.63%.
Asian and Pacific stock markets also all fell in the wake of Wall Street's slide and fears related to the results of the US elections, which among other things could slow down investments in data centers dedicated to artificial intelligence. The heaviest markets are Seoul, which lost 6% net, and Tokyo, which fell by 5.9%.
Chinese stock markets were also negative, with Shenzhen losing 2.2% and Shanghai 1.1%. Hong Kong fell by 1.2%, while Sydney limited the decline to half a percentage point. Futures on the start of European stock markets are negative, while those on Wall Street are still uncertain.
The Tokyo Stock Exchange ends the session with the reference index below 60,000 points for the first time in about five and a half months.
The Nikkei reference price list fell by 5.96% to 57,434.77, with a loss of 3,643 points. On the currency market, the yen strengthens against the dollar at 157.80, and against the euro at 176.70.
Open Questions
- How will the session on Wall Street evolve?
- What will be the medium-term impacts on European stock markets?
