(AP Photo/Vincent Yu)BEIJING (AP) — Global stock prices tumbled Wednesday after Wall Street plunged amid confusion about what Washington and Beijing agreed to in a tariff cease-fire.
WALL STREET: Investor confidence in the U.S.-China agreement faltered after confusing and conflicting comments from President Donald Trump and some senior officials.
On Wall Street, the future for the Standard & Poor’s 500 index was up 0.45 percent and that for the Dow Jones Industrial Average gained 0.25 percent.
ASIA’S DAY: Hong Kong’s Hang Seng index fell 1.6 percent to 26,819.58 and the Shanghai Composite Index declined 0.6 percent to 2,649.81.
KEEPING SCORE: In early trading, London’s FTSE 100 index fell 1.3 percent to 6,932.04 and German’s DAX lost 1.1 percent to 11.207.49.
Shares were moderately lower in Asia on Wednesday following a bloodletting on Wall Street as goodwill generated by a truce between the U.S. And China over trade evaporated in confusion over exactly what the two sides had agreed upon.
Brent crude, used to price international oils, lost 66 cents to $61.42 per barrel in London.
This article was summarized automatically with AI / Article-Σ ™/ BuildR BOT™.