World shares mixed amid concerns about trade barriers

People walk past an electronic stock board showing Japan's Nikkei 225 index and other countries' indexes at a securities firm in Tokyo Tuesday, March 13, 2018. Shares were mixed in Asia on Tuesday following a lackluster day on Wall Street. Investors are keeping a close eye on tensions over trade following President Donald Trump's announcement of hikes on steel and aluminum tariffs. (AP Photo/Eugene Hoshiko)
FILE - This Oct. 25, 2016, file photo shows the New York Stock Exchange in Lower Manhattan. The U.S. stock market opens at 9:30 a.m. EST on Monday, March 12, 2018. (AP Photo/Mary Altaffer, File)
A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, March 13, 2018. Shares were mixed in Asia on Tuesday following a lackluster day on Wall Street. Investors are keeping a close eye on tensions over trade following President Donald Trump's announcement of hikes on steel and aluminum tariffs. (AP Photo/Eugene Hoshiko)
People walk past at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, March 13, 2018. Shares were mixed in Asia on Tuesday following a lackluster day on Wall Street. Investors are keeping a close eye on tensions over trade following President Donald Trump's announcement of hikes on steel and aluminum tariffs. (AP Photo/Eugene Hoshiko)

BANGKOK — Global stock markets were mixed Tuesday, with Wall Street set for a cautious open, as investors gauge how far countries could go in setting up barriers to trade.

KEEPING SCORE: Britain's FTSE 100 was down 0.2 percent to 7,201 while the CAC 40 of France added 0.3 percent to 5,293. Germany's DAX shed 0.1 percent to 12,409. S&P 500 and Dow futures both climbed 0.2, pointing to small gains when trading starts in New York.

QUALCOM-BROADCOM: Singapore-based computer chipmaker Broadcom said in a statement that it strongly disagrees with Trump's order to block its proposed acquisition of Qualcomm on the grounds it raises national security concerns. The decision, announced late Monday, abruptly ended Broadcom's four-month, $117 billion bid to buy Qualcomm — a deal that would have been the largest ever completed in the technology industry. The move comes after Trump also ordered tariffs on steel and aluminum, suggesting the administration could be stepping up its barriers to international business deals.

CHINA WATCHDOG: China announced plans Tuesday to create a newly powerful regulator to oversee scandal-plagued banking and insurance industries as they try to reduce debt and financial risks. The move is in line with the ruling Communist Party's efforts to tighten control over state-owned entities that dominate industries including banking, telecoms and energy in an effort to make them more efficient and productive.

ASIA'S DAY: Japan's Nikkei 225 index gained 0.7 percent to 21,968.10 while South Korea's Kospi added 0.4 percent to 2,494.49. The Hang Seng in Hong Kong was flat at 31,601.45 and the Shanghai Composite index declined 0.5 percent to 3,310.24. Australia's S&P ASX 200 dropped 0.4 percent to 5,974.70. India's Sensex lost 0.4 percent to 33,791.35. Shares rose in Taiwan and were mixed in Southeast Asia, with the SET in Thailand down 0.2 percent.

ENERGY: Benchmark U.S. crude fell 5 cents to $61.31 a barrel in electronic trading on the New York Mercantile Exchange. It lost 68 cents the day before. Brent crude, used to price international oils, declined 11 cents to $64.84 per barrel, having shed 54 cents the previous day.

CURRENCIES: The dollar rose to 107.21 yen from 106.41 late Monday. The euro edged up to $1.2340 from $1.2336.

People also read these

WhatsApp is going to share your phone number with Facebook

Aug 25, 2016

Global messaging service WhatsApp says it will start sharing users' phone numbers with Facebook, its parent company

Stock markets cautious ahead of key Fed speech

Aug 26, 2016

European shares are mostly lower following mixed trading in Asia, with investors preferring to sit on the sidelines ahead of U.S. Federal Reserve Chairwoman Janet Yellen's speech later in the day for cues on the timing of the next policy rate hike

Global stocks mixed in listless trade ahead of US jobs data

Aug 31, 2016

Global stocks are mixed Wednesday in listless trading ahead of jobs data later this week and continued anticipation of higher interest rates in the U.S. Indexes were higher in France and lower in Britain and Germany

Subscribe to our newsletter!

Your Name

Your Email Address