· Stocks closed marginally lower on Tuesday, taking a breather after posting strong gains to start off June.
The Dow Jones Industrial Average ended the day down 14.17 points at 26,048.51, erasing a gain of 185.99 points. The S&P 500slipped less than 0.1% to 2,885.72 while the Nasdaq Composite finished just below breakeven at 7,822.57. The industrials sector was the biggest laggard in the S&P 500, dropping 0.9% as Raytheon shares declined by 5.1%.
· European stocks traded higher Tuesday after U.S. President Donald Trump told CNBC that immediate tariffs would be imposed on a further $300 billion of Chinese goods if President Xi does not attend this month’s G-20 meeting.
The pan-European Stoxx 600 closed provisionally up 0.72% during the session, basic resources jumping 2.8% while autos also climbed 1.7%, with most sectors trading in positive territory.
Trump is set to meet with Xi at the G-20 summit, which is scheduled for June 28-29 in Osaka, Japan. The leaders of 19 nations and the European Union are expected to attend, as trade tensions approach boiling point worldwide.
· Shares in Asia Pacific traded mixed on Wednesday morning following an overnight trading session on Wall Street that saw the end of the Dow Jones Industrial Average’s winning streak.
The Nikkei 225 in Japan declined fractionally in early trade, with shares of conglomerate and index heavyweight Softbank Group plunging more than 2.5%.The Topix index also fell 0.18%.
Over in South Korea, the Kospi traded higher by 0.22%, with shares of LG Chem gaining 0.29%.
In Australia, the ASX 200 rose 0.29% as majority of the sectors saw gains.
Reference: CNBC
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