S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The Hang Seng Index slipped 1.1%, or 250 points, to 25,323 on Monday, amid heightened risk aversion as renewed US-Iran tensions raised concerns over higher oil prices and inflation. US forces struck Iranian rocket launchers near the Strait of Hormuz, pushing Brent crude higher and weighing on Asian equities. Hawkish remarks from Federal Reserve Chair Kevin Warsh also revived expectations of a September US rate hike, with markets pricing a 57% chance of a move. Higher US Treasury yields and a stronger dollar further pressured risk assets, while investors awaited US jobs and inflation data for clues on the Fed’s policy path. Meanwhile, China’s manufacturing PMI rose to 49.8 in August from 49.2 in July, beating expectations of 49.7 but remaining in contraction for a second consecutive month. The non-manufacturing PMI held at 49.0. Notable losers included Tencent (-0.9%), China Resources Land (-2.8%), AIA (-1.7%), Lenovo (-1.3%), and Zijin Gold International (-8.1%).
