Tuesday, August 24, 2021

Global shares mostly rise, momentum fizzles on coronavirus worries

Global shares mostly gained Tuesday, boosted by a near-record rise on Wall Street, although the momentum began to fizzle over worries about the economic fallout from surging coronavirus infections in Asia. France's CAC 40 was little changed, inching down less than 0.1per cent to 6,682.28 in early trading, while Germany's DAX added 0.2per cent to 15,884.33. Britain's FTSE 100 slid 0.1per cent to 7,103.75. U.S. shares were set to drift higher with Dow futures gaining nearly 0.2per cent to 35,334.00. S&P 500 futures were up 0.2per cent at 4,485.75. Japan's benchmark Nikkei 225 rose 0.9per cent to finish at 27,732.10. South Korea's Kospi gained 1.6per cent to 3,138.30. Australia's S&P/ASX 200 rose 0.2per cent to 7,503.00. Hong Kong's Hang Seng added 2.5per cent to 25,727.92, while the Shanghai Composite was up 1.1per cent at 3,514.47. Some parts of Asia have had slower vaccine rollouts than the U.S. and Europe and are at a greater risk for the more contagious delta ...

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