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Equities, oil prices slide on China unrest

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  • Post category:Business / Economy
  • Post last modified:29/11/2022
  • Reading time:2 mins read

LONDON: Stocks and oil prices slid Monday on concerns about protests across China, fueling uncertainty in the world’s number-two economy.

China-linked stocks took the brunt of selling in Asia, with Hong Kong’s Hang Seng Index closing down more than one percent and Shanghai off 0.8 percent. The yuan slipped more than one percent.

Europe’s main stock markets were all lower nearing the half-way stage.

Investors were also looking ahead to the release of US jobs data at the end of the week, which could provide clues about the Fed’s next moves, while speeches by central bank boss Jerome Powell and other key policymakers will also be pored over.

– Key figures around 1130 GMT –

London – FTSE 100: DOWN 0.3 percent at 7,461.60 points
Frankfurt – DAX: DOWN 0.8 percent at 14,419.04
Paris – CAC 40: DOWN 0.8 percent at 6,656.50
EURO STOXX 50: DOWN 0.7 percent at 3,933.93
Tokyo – Nikkei 225: DOWN 0.4 percent at 28,162.83 (close)
Hong Kong – Hang Seng Index: DOWN 1.6 percent at 17,297.94 (close)
Shanghai – Composite: DOWN 0.8 percent at 3,078.55 (close)
New York – Dow: UP 0.5 percent at 34,347.03 (close)
Euro/dollar: UP at $1.0495 from $1.0403 on Friday
Dollar/yen: DOWN at 137.85 yen from 139.03 yen
Pound/dollar: UP at $1.2098 from $1.2087
Euro/pound: UP at 86.72 pence from 86.03 pence
West Texas Intermediate: DOWN 3.1 percent at $73.94 per barrel
Brent North Sea crude: DOWN 3.0 percent at $81.14 per barrel

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