World Stocks Mostly Down as US and EU Fell, Asia Pacific Up

On Monday, August 2, world stocks were mostly down as the United States and the European Union’s shares fell. Meanwhile, Asia Pacific stocks climbed.

Wall Street’s three major indexes plummeted which was led by the NASDAQ Composite.

The benchmark lost 0.71% with a net decline of $105.59. This sent the stocks to the bottom at $14,673 per share.

Its worst performers include Cassava Sciences Inc, Icosavax Inc, and LAVA Therapeutics NV which all subsided 32.72%, 28.94%, and 26.17%, respectively.

This was followed by the S&P 500 Index which plunged 0.54% with a net loss of $23.89. This sent the stock to the ground at $4,395 per share.

Newell Brands Inc, Etsy Inc, and Amazon.com Inc led its losses by 9.07% to $24.75, 7.77% or $183.51, and 7.56% or $3,327.59, respectively.

Moreover, the Dow Jones Industrial Average also tumbled 0.42% with a net decrease of $149.06. This sent the stocks below at $34,935 per share.

Its bottom performers were led by Caterpillar Inc, Boeing Co, and Walt Disney Co which all dropped 2.73%, 2.22%, and 1.31%, respectively.

Consequently, the STOXX Europe 600 slipped 0.45% with a net change of $2.10 sending the stocks down at $461.74 per share.

Also, Germany’s DAX and MDAX Performance Index both collapsed 0.61% or 96.08 points to $15,544 and 0.36% or 126.01 points to $35,147 per share.

In the London Stock Exchange, the FTSE 100 and the FTSE All-Share Index both crashed 0.65% or $46.12 points to $7,032 and 0.59% or 23.88 points to $4,030, respectively.

Asia Pacific Stocks

On the other hand, Asia Pacific stocks climbed led by Japan’s TOPIX Index which rose 2.04% with a net gain of $38.82. This sent the stocks higher at $1,939.00 per share.

It was followed by the Nikkei 225 which also spiked 1.93% with a net increase of $525.48. This sent the stocks above at $27,809.07 per share.

In addition, China’s Shanghai Composite Index and Shenzhen Component Index both smashed 1.49% or 50.57 points to $3,447.92 and 1.44% or 208.26 points to $14,681.47, respectively.

Furthermore, Australia’s ASX 200, Hong Kong’s Hang Seng Index, and South Korea’s KOSPI all soared 1.46% to $7,500.60, 0.92% to $26,199, and 0.27% to $3,210.88, respectively.

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