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- Global Stocks: U.S. indices trading lower on Monday - Asian stocks rally
Global Stocks: U.S. indices trading lower on Monday - Asian stocks rally
U.S. markets closed lower on Monday for a second day. The DOW JONES lost -0.28% closing at 17,776.80 points and the S&P 500 declined -0.68%, suffering the biggest one-day loss in more than a month, with a final quote of 2,053.44 points after weaker data on Black Friday sales and disappointing China manufacturing. The Institute for Supply Management released its manufacturing purchasing managers' index for the U.S. The index declined to 58.7 in November from 59.0 in October, beating expectations for a decline to 57.9.Apple Inc lost almost 3.2% in its biggest daily decline in more than a month.
Chinese stocks posted solid gains, the most in 14 months, in yesterday's trading session fuelled by speculations after Monday's soft manufacturing data that China may bring more stimulus measures on the way. A rebound in commodities further supported the markets. Hong Kong's Hang Seng is trading +1.38% at 23,689.33. China's Shanghai Composite closed at 2,763.32 points, a gain of +3.10%.
Japan's Nikkei gained +0.42% closing at 17,663.22 with exporter shares leading the way, a seven-year high, as the yen continued to weaken .
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