New York:Global stock markets exhibited mixed performances on October 23, with the majority of major indices registering declines, according to APA-Economics. The downturn affected leading indices in the US and Europe, while the Asia-Pacific region showed varied trends.
According to Azeri-Press news agency, in the United States, the Dow Jones index decreased by 652.82 points, or 1.23%, ending at 52,215.16 points. The S&P 500 index dropped by 39.75 points, or 0.52%, to 7,623.68 points, and the Nasdaq Composite index fell by 53.52 points, or 0.21%, to 25,955.34 points. The NYSE Composite index also reported a decline, down by 158.26 points, or 0.65%, to 24,117.27 points. Canada’s S&P/TSX Composite index saw a reduction of 185.27 points, or 0.52%, reaching 35,788.18 points.
In Europe, stock markets were predominantly negative. The Euro Stoxx 50 index decreased by 18.79 points, or 0.31%, to 6,068.22 points. The UK’s FTSE 100 index fell by 34.67 points, or 0.32%, to 10,690.36 points. Germany’s DAX index saw a significant drop of 190.10 points, or 0.75%, closing at 25,181.65 points. France’s CAC 40 index declined by 28.44 points, or 0.36%, to 7,782.82 points, while Spain’s IBEX 35 index bucked the trend, rising by 76.30 points, or 0.40%, to 18,989.80 points.
The Asia-Pacific region displayed mixed dynamics. Japan’s Nikkei 225 index decreased by 214.68 points, or 0.34%, to 62,693.16 points, and the TOPIX index fell by 31.69 points, or 0.79%, to 3,965.81 points. However, Hong Kong’s Hang Seng index rose by 158.69 points, or 0.69%, reaching 23,093.37 points, and China’s CSI 300 index increased by 69.03 points, or 1.71%, to 4,105.33 points. Australia’s S&P/ASX 200 index experienced a slight increase of 0.02% to 8,795.23 points, and the regional MSCI AC Asia Pacific index rose by 0.05% to 258.82 points.
The declines in stock markets are largely attributed to escalating tensions in the Middle East, rising oil prices, growing inflation risks, and concerns regarding the profitability of investments in the artificial intelligence sector.