Global stock markets were mixed on Wednesday after Wall Street gained on strong corporate earnings
Global stock markets were mixed on Wednesday after Wall Street gained on strong corporate earnings amid U.S.-Chinese trade tensions.
In early trading, London's FTSE 100 lost 0.3 percent to 7,683.49 while France's CAC 40 gained 0.2 percent to 5,444.76. Frankfurt's DAX lost 0.1 percent to 12,669.84. On Tuesday, the DAX rose 1.1 percent, the CAC 40 added 1 percent and the FTSE 100 gained 0.7 percent.
On Wall Street, the future for the Standard & Poor's 500 index was off 0.1 percent while that for the Dow Jones industrial average was unchanged.
Tokyo's Nikkei 225 gained 0.5 percent to 22,614.25 while the Shanghai Composite Index was unchanged at 2,903.65. Hong Kong's Hang Seng advanced 0.9 percent to 28,920.09 and Seoul's Kospi fell 0.3 percent to 2,273.03. Sydney's S&P-ASX 200 shed 0.3 percent to 6,247.60 while India's Sensex was 0.3 percent higher at 36,922.41. Benchmarks in New Zealand and Southeast Asia rose while Taiwan declined.
Gains by technology companies and health care stocks outweighed losses in consumer goods manufacturers, retailers and other sectors. Smaller-company stocks turned sharply lower as investors weighed the impact of the Trump administration's decision to send emergency aid to farmers hurt by tariffs in a trade dispute with China. The Standard & Poor's 500 index rose 0.5 percent to 2,820.40. The Dow Jones Industrial Average gained 0.8 percent to 25,241.94. The Nasdaq composite lost 1.11 points to 7,840.77.
Farmers welcomed government cash to help offset lost exports but said they would rather have President Donald Trump settled trade disputes with China, Mexico, Canada and Europe.
Benchmark U.S. crude shed 3 cents to $68.49 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 63 cents on Tuesday to close at $68.52. Brent crude, used to price international oils, added 44 cents to $73.88 per barrel in London. It advanced 38 cents the previous session to $73.44.
The dollar gained to 111.21 yen from Tuesday's 111.17 yen. The euro advanced to $1.1704 from $1.1686.