A look at the day ahead in U.S. and global markets from Mike Dolan
World markets painted a messy picture on Tuesday, with recently pumped-up crude oil prices retreating sharply and disappointment surrounding China’s economic stimulus already setting in – knocking Hong Kong shares (.HSI), opens new tab back almost 10%.
The return of mainland Chinese markets after a week’s holiday there did see the CSI300 (.CSI300), opens new tab index play catch-up with another jump of about 6%. But the Hang Seng, which had remained open for much of the week and rallied significantly during that time, turned tail.
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