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Markets Today: UK Composite PMI Falls, Gold Eyes $3800/oz, FTSE 100 Retreats Toward 100-day MA
['Zain Vawda', 'Market Analyst']
MarketPulse
The MSCI Asia Pacific Index pulled back from its earlier highs to trade mostly flat.
Stocks in Hong Kong fell 1% as the city was dealing with its most severe typhoon since 2018.
However, shares of Asian companies that are involved in making computer chips rose, which was a reaction to the news that Nvidia has invested in OpenAI.
There was no cash trading of U.S. government bonds (Treasuries) during the Asian trading hours because markets in Tokyo were closed for a public holiday.
China's stock markets saw declines, with both the CSI300 Index and the Shanghai Composite Index falling by 1.2%, and Hong Kong's Hang Seng Index dropping by 1%.
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