Global stock markets were mostly higher on Monday, with shares in Europe and Asia boosted by strong Chinese factory data. The DAX index in Germany rose 0.5% to 22,658.00, while the CAC 40 in Paris gained less than 0.1%. Britain’s FTSE 100 also saw a 0.3% gain.
In contrast, the S&P 500 was nearly unchanged, and the Dow Jones Industrial Average edged 0.1% lower. Asian markets were more upbeat, with China’s Hang Seng index rising 0.3% to 23,006.27. Hong Kong’s Mixue Bingcheng, a Chinese bubble tea chain, saw its shares surge 43% on its $444 million IPO.
Despite the positive news, there are concerns about tariffs and their impact on the global economy. The Shanghai Composite index slipped 0.1% due to higher tariffs on US imports of Chinese goods. Chinese factory managers have shown signs of improvement in February, with new orders rising likely driven by companies moving quickly to beat rising tariffs.
The US has announced plans to increase tariffs on Chinese goods, effective Tuesday. This move is expected to take effect on Tuesday and could impact the global economy. Meanwhile, US benchmark crude oil fell 39 cents to $69.37 per barrel.
In other news, Bitcoin was trading at $91,700 after a sharp decline from its record price last week. The US dollar fell to 149.99 Japanese yen, while the euro rose to $1.0414.
Source: https://finance.yahoo.com/news/stock-market-today-asian-shares-042231570.html