Asia Pacific Stocks Mostly Fell, MSCI World Index Crashed

On Wednesday, July 28, Asia Pacific stocks were mostly down while the MSCI World Index crashed due to the decline of the EU and the US stock markets.

In China, the Shenzhen Component and the Shanghai Composite Index both plummeted 0.33% or 46.18 points to $14,047.46 and 0.60% or 20.38 points to $3,360.80, respectively.

The latter’s worst performers were led by Willfar Information Technology Co. Ltd. which plunged 10.76% or 2.87 points to $3.66 per share.

It was followed by BROS Eastern Co. Ltd. which fluctuated 10.06% or 0.62 points to $0.85 per share.

Additionally, Hubei Kaile Science & Technology Co. Ltd. also fell 10.03% or 0.63 points to $0.87 per share.

Likewise, in Japan, both the TOPIX Index and Nikkei 225 lost 0.73% or 14.21 points to $1,923.83 and 1.16% or 324.00 points to $27,646.22, respectively.

Sumco Corp. led the latter’s losses by 6.72% or 178.00 points to $22.51 per share.

This was followed by SoftBank Group Corp. which shrank 3.72% or 264.00 points to $62.16 per share.

Also, Z Holdings Corp. declined 3.53% or 20.90 points to $5.21 per share.

Consequently, Australia’s S&P/ASX 200 and Hong Kong’s Hang Seng Index crashed 0.80% or 59.30 points to $7,372.10 and 0.15% or 37.50 points to $25,048.93, respectively.

On the other hand, South Korea’s KOSPI hopped 0.003% with a net gain of $0.11. This sent the stocks higher at $3,232.64 per share.

World Stocks Crashed

In addition, the MSCI World Index crashed by 0.37% with a net loss of $11.53. This sent the stocks to the bottom at $3,068.87 per share.

In Europe, London’s FTSE 100 Index and FTSE All Share Index both collapsed 0.42% or 29.35 points to $6,996 and 0.39% or 15.70 points to $4,010, respectively.

The same with Germany’s DAX and MDAX Performance Index. Both dropped 0.64% or 99.85 points to $15,519 and 0.45% or 157.30 points to $34,931, respectively.

Furthermore, Wall Street’s three major indexes slipped led by the NASDAQ Composite Index. They tumbled 1.21% or 180.14 points to $14,661 per share.

This was followed by the S&P 500 and the Dow Jones Industrial Average which both subsided by 0.47% or 20.84 points to $4,401 and 0.24% or 85.79 points to $35,059, respectively.

Read also: Fortrade Review | Is Fortrade a good Forex broker?