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Global markets react to US government shutdown


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Global markets react to US government shutdown

Asian equity markets on Dec. 25 tracked overnight losses from the U.S., amid a temporary government shutdown in the U.S.

The S&P 500 index, which fell 2.71% at closing on Dec. 24, is down nearly 20% from its 52-week high. The tech-heavy NASDAQ Composite Index dropped 2.2%.

Japan's Nikkei 225 stock index, closed Dec. 24 for a national holiday, registered a 5% drop at market close Dec. 25. The index, at its lowest level since April 2017, has lost 21% from the Oct. 2 closing level.

Chinese shares closed 0.88% down.

Markets have been reacting to the news of the U.S.'s temporary government shutdown over President Donald Trump's disputed plan to fund the construction of a wall along the border between the U.S. and Mexico.

The FTSE 100 was down nearly 0.5% and French CAC 40 slipped about 1.5% on Dec. 24, while the German stock market was closed that day. U.S., European and Hong Kong markets are closed Dec. 25.