Global Stocks Drift Lower, U.S. Futures Decline
International stocks drifted lower, with few major coronavirus developments to drive trading. Futures for the S&P 500 fell 0.8%, suggesting U.S. markets could retreat Thursday. European stocks also declined, with the pan-continental Stoxx Europe 600 down 0.9%, led by losses in France and Germany. Major stock indexes in Asia fell, with the Hang Seng Index, Japan’s Nikkei 225, Australia’s S&P/ASX 200 and China’s Shanghai Composite falling between 0.2% and 0.6%. South Korea’s Kospi Composite bucked the trend, adding 0.4%. Christopher Smart, chief global strategist at Barings, said stocks had recovered ...
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