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Global Shares Mixed as Trump, Iran Meet09/23 05:34
Global shares were mixed Wednesday after Wall Street held near its record
and oil prices stabilized following U.S. President Donald Trump's remarks that
United States and Iranian officials had a "very good" meeting on the sidelines
of the U.N. General Assembly.
HONG KONG (AP) -- Global shares were mixed Wednesday after Wall Street
https://apnews.com/article/markets-ai-oil-wall-street-de8c5f9659e44556e40e661f79
4b48ad and oil prices stabilized following U.S. President Donald Trump's
remarks that United States and Iranian officials had
https://apnews.com/article/trump-united-nations-unga-iran-ai-f7cb0b3ebc492446c0b
e97ed3a6843aa on the sidelines of the U.N. General Assembly.
U.S. futures were little changed ahead of Chinese President Xi Jinping's
state visit to Washington
https://apnews.com/article/trump-xi-arrival-washington-state-visit-baea8dbdb8c83
2ae1b295579709dc967 and
https://apnews.com/article/trump-xi-arrival-washington-state-visit-baea8dbdb8c83
2ae1b295579709dc967
In early European trading, Britain's FTSE 100 rose 0.2% to 10,729.10.
France's CAC 40 edged up less than 0.1% to 8,156.78, while Germany's DAX
declined 0.4% to 25,490.42.
South Korea's Kospi rose 0.9% to 7,080.92. Hong Kong's Hang Seng lost 1% to
24,834.12. The Shanghai Composite Index slid 0.4% to 3,936.52. Australia's
S&P/ASX 200 added 0.1% to 8,765.30.
Taiwan's Taiex was 0.8% higher, while India's Sensex was up 0.5%.
Japan's Nikkei 225 was closed on Wednesday for a holiday and will resume
trading Thursday.
Oil prices stabilized and remained below $100 a barrel after Trump said U.S.
and Iranian officials met on the sidelines of the U.N. General Assembly in New
York following his threat during an address to the annual gathering that the
U.S. might "annihilate" the Islamic Republic if a deal couldn't be made.
"Will a deal be made with Iran that lets them rebuild and create a far
greater country than it ever was before, maybe one of the greatest in the
Middle East or even the world," Trump said. "Or do I annihilate the Islamic
Republic and do it quickly, never giving them a chance to kill and destroy
people and countries again?"
Brent crude, the international standard, edged up less than 0.1% to $99.30
per barrel after falling earlier in the day. That was still elevated compared
to the roughly $72 per barrel level from late February before the
https://apnews.com/hub/iran.
Diplomatic progress between the U.S. and Iran helped fuel the fall in oil
prices Wednesday, ING commodities strategists Ewa Manthey and Warren Patterson
wrote in a commentary. They said oil prices eased also on optimism over reports
that Saudi Arabia was restarting operations at a key oil pipeline.
Several major technology stocks in Asia traded higher Wednesday after U.S.
technology shares gained.
https://apnews.com/article/samsung-ai-profit-memory-chips-10c2c548a392988862d8c7
bd3f6fae05 rose 3.3%, while South Korean memory chipmaker SK Hynix added 1.2%.
Shares of Taiwan Semiconductor Manufacturing Co., or TSMC, were up 1.6%.
Investors have been monitoring the debate in the U.S. over whether to
https://apnews.com/article/ai-slowdown-anthropic-openai-meta-nvidia-1d9615931af2
8a83cb97489178e90f2d, while AI is also expected to be high on the agenda when
Trump and Xi meet.
On Tuesday, Wall Street's benchmark S&P 500 edged down less than 0.1% and
remained near its all-time high. The Dow Jones Industrial Average dropped 0.4%,
while the technology-heavy Nasdaq composite climbed 0.5% and closed at a record
high.
Major U.S. technology stocks climbed. Nvidia shares climbed 0.7%, while
Advanced Micro Devices, or AMD, rose 1.3%. Broadcom added 0.5%, and Intel
gained 1.7%.
In other dealings, the U.S. dollar rose to 157.91 Japanese yen from 157.39
yen. The euro was trading at $1.1410, down from $1.1449.
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