Global stocks fall amid protests in China
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World stock indices and oil prices fall due to the wave protests in China caused by severe coronavirus restrictions in the country. Thus, the Chinese index CSI 300 sank by the end of trading by 42 points, which was the worst figure in the last month. At the end of the day, the index stopped at 3733 points – a two-week low. The Japanese Nikkei lost 0.42% in the closing session, while the Hong Kong Hang Seng index fell 1.57%.
Trading on European markets also opened lower. The German DAX is down about 0.85%, the French CAC is down 0.8% and the UK FTSE is down about 0.4%. Falling against the backdrop of large-scale protests and the yuan, which fell against the dollar to 7.2 – at least in the last two weeks.
In this regard, experts expect that American stock exchanges will most likely open with a fall. Futures indexes Dow Jones and Nasdaq lose 194 and 110 points respectively. Prices for raw materials are also noticeably declining due to fears that demand for it will fall. Thus, Brent crude fell almost to its lowest level since the beginning of this year – $ 80.9 per barrel, which is 3.3% lower than the close of trading on Friday. WTI oil also loses about 3%.
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