· European bourses open mixed on Wednesday morning amid fresh earnings.
The pan-European Stoxx 600 was flat with the major bourses taking different directions.
· Asian shares gave up ground on Wednesday, with weak data in the region and fears of an imminent escalation in the tariff war between the United States and China pulling markets lower even as strong earnings out of the U.S. provided some support.
In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1 percent, erasing earlier gains, while Japan’s Nikkei stock index gained 0.8 percent. S&P E-mini futures were down less than 0.1 percent at2,815.75 after earlier edging higher.
· Japan’s Nikkei share average rose on Wednesday, brushing a 12-day high, buoyed by strong earnings for blue chips such as Sony and Sharp and the yen’s slide to near two-week lows against the dollar.
The Nikkei ended the day up 0.86 percent at 22,746.70 after touching 22,775.47, its highest since July 20.
· China’s main Shanghai stock market and Hong Kong’s Hang Seng Index fell on Wednesday, as plans by the U.S. to propose higher tariffs on $200 billion worth of Chinese imports brought trade war fears back into focus, and as new manufacturing data underscored a weak outlook for growth.
At 03:32 GMT, the Shanghai Composite index was down 9.07 points or 0.32 percent at 2,867.33.
Reference: Reuters, CNBC
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