Global shares fall amid U.S. manufacturing decline


Global shares fall amid U.S. manufacturing decline

Global shares hit its lowest in one month on Wednesday after the U.S. manufacturing activity fell to more than a decade low. Concerns about economic growth now go up in the air resulting from the trade conflicts the U.S. and China have.

MSCI International ACWI Price Index fell by 0.06% which last happened in September.

European shares are also expected to plunge as the European stock futures are within 0.2%-0.4%.

Meanwhile, the ex-Japan Asia-Pacific shares index also fell by 0.6%, Australia losing 1.3%, South Korea dropping 1.5% while Chinese markets are closed for a weeklong holiday.

The Hang Seng Index of Hong Kong was also seen falling by 0.3%.

“Nothing other than a terrible number is conceivable here,” said ING chief Asia-Pacific economist Rob Carnell.

On Wall Street, the S&P 500 tumbled 1.23%, posting its one-month low.

The sluggish manufacturing outing of the U.S. also led to oil price hike to almost a month-low.

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