Markets were mixed on Friday.
The S&P 500 rose 0.1 percent but the STOXX Europe 600 fell 0.9 percent.
Earlier in Asia, the Nikkei 225 surged 2.1 percent but the Shanghai Composite fell 0.8 percent.
Shares of China Evergrande Group in Hong Kong fell 11.6 percent after Chinese authorities reportedly told local officials to prepare for a potential demise of the company.
The mixed performance of markets reflected investor sentiment, with Ryan Detrick, chief market strategist for LPL Financial, saying that “many of the worries over Evergrande, a slowing economy, and continued supply chain issues are still out there”.
No comments:
Post a Comment