Global markets mostly higher after Dow hits record
BEIJING — Global stock markets were mostly higher Wednesday after a post-U.S. election rally drove the Dow Jones industrial average to a new high.
KEEPING SCORE: Britain’s FTSE 100 rose 0.6 per cent to 6,681.70 in early trading while Germany’s DAX gained 0.2 per cent to 10,732.90. France’s CAC 40 added 0.1 per cent to 4,555.11. On Tuesday, the FTSE 100 rose 0.6 per cent, the CAC 40 added 0.4 per cent and the DAX gained 0.3 per cent. On Wall Street, the future for the Dow Jones industrial average was up 0.05 per cent and that for the Standard & Poor’s 500 index up 0.07 per cent.
ASIA’S DAY: Sydney’s S&P-ASX 200 rose 1.3 per cent to 5,484.40 and Seoul’s Kospi advanced 0.2 per cent to 1,987.95. India’s Sensex gained 0.5 per cent to 26,081.22 and Hong Kong’s Hang Seng ended unchanged at 22,676.69. The Shanghai Composite Index shed 0.2 per cent to 3,241.14. Japanese markets were closed for a holiday. Benchmarks in New Zealand and Taiwan gained while Indonesia retreated.
WALL STREET: The Dow surpassed 19,000 for the first time. Retailers soared after strong earnings from Dollar Tree and Burlington Stores. Health care stocks slumped after weak results from medical device company Medtronic. The Dow has closed at a record high six times in the two weeks since the presidential election, but trading volume has fallen.