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.