Global stock markets decline – News of Bahrain- DT News

Global stock markets decline – News of Bahrain- DT News

Most stock markets were weaker yesterday with investors worried over the impact of China's coronavirus outbreak on the global economy.. In afternoon European trades, London and Paris were both down 0.4 per cent, while Frankfurt slid 0.3 pc.. In London, stocks that are connected to China are under pressure.. In Asia, Tokyo's benchmark Nikkei 225 index closed 0.6 pc down, while Hong Kong pared some losses, ending the day 0.6 pc lower after tanking 1.1 pc at the open.. Shanghai bucked the trend with a 0.5 pc gain at the close.. The domestic impact was reflected in China's inflation figures released Monday, which showed the highest rise in consumer prices in more than eight years, with food prices spiking more than 20 pc.. It has also disrupted the supply chains of major global firms such as Apple supplier Foxconn and auto giant Toyota.. Oil slips lower Depressed economic activity in China, the world's largest importer and consumer of oil, has also hit energy prices.. The contract for Brent crude was 1.1 pc lower in afternoon exchanges, while West Texas Intermediate showed a decline of 0.7 pc on Monday..