Dow Set For Best Week Since July

U.S. stocks rose in early trading on Friday, with Wall Street extending its recent uptrend and pushing further into record territory.

The Dow Jones Industrial Average rose 81 points, or 0.3%, to 26,738, hitting an all-time intraday high in early trading. The S&P 500 gained 8 points to 2,939, a rise of 0.3% that took it to new records of its own. The Nasdaq Composite Index which remains about 1% below record levels, rose 21 points, or 0.3%, to 8,049.25.

Source : Market Watch

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Asian Stocks Head for Sharpest Two-Day Gain Since January 2017

Asia’s benchmark equities index headed for its sharpest back-to-back gain in 19 months as most stock markets in the region gained, led by a rally in technology companies.

The MSCI Asia Pacific Index rose 1.2 percent to 162.19 as of 4:28 a.m. in Hong Kong. A gauge of the region’s technology companies jumped 2.1 percent, the biggest boost to the benchmark. Turkey’s rate increase, which was wider than expected, boosted emerging-market stocks and a surprise slowdown in U.S. inflation in August sent regional markets higher. News that the U.S. and China could be heading for another round of trade talks continued to boost sentiment.

Source : Bloomberg

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China Stocks Extend Slump, Shanghai at Lowest Close Since Jan 2016

China’s main stock index on Wednesday closed at its lowest level since January 2016, as trade war concerns continued to vex investor confidence with China seeking $ 7 billion in sanctions against the United States over dumping duties.

The Shanghai Composite index ended 0.3 percent lower at 2,656.11, its weakest close since Jan. 28, 2016. The blue-chip CSI300 index ended 0.7 percent lower at 3,202.02, its lowest close since Aug. 4, 2016.

The CSI300 financial sector sub-index fell 0.21 percent, the consumer staples sector ended 1.94 percent lower, the real estate index finished 0.42 percent lower and the healthcare sub-index shed 2.84 percent. The smaller Shenzhen index ended down 0.41 percent and the start-up board ChiNext Composite index was weaker by 0.67 percent.

Source : Reuters

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