Money News: Top Global Markets Close Down; Shanghai Rallies

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The DOW Jones Industrial Average, fell to the bear and closed the trading week down with stinging triple digit losses as the Wall Street mauling carried over into the top ten global markets with records highs and strong performances erased across the European and Asian Markets.

The DOW opened the trading week strong with steady gains, throughout the week hitting the week high Friday at the opening bell and promptly fell dramatically throughout the day and by the closing bell Friday and continued to slide all day ending the trading week down at 17,826.30 (-279.47/-1.54%). Opening at 18,102.56, the DOW held a day range of 17,748.53-to-18,102.56.

Gainers include Mattel Inc (+1.48/+5.84%) with a closing price of $26.75 per share, iGate Corp (+12.00/+2.91%) with a closing price of $44.45 per share, Mylan NV (+2.98/+4.46%) with a closing price of $69.82, and GW Pharmaceuticals PLC (+4.84/+4.43%) with a closing price of $114.00.

Losers for the week include Isetan advanced Micro Devices Inc closing down at $2.58 per share down (-0.30/-10.28%), Etsy Inc closing down at $27.58 with a loss of (-2.42/-8.07%), QIWI PLC also closed down at $26.10 for a loss of (-2.17/-7.68%) and Spark Therapeutics Inc closing down at $69.97 per share for a loss of (-5.35/-7.10%)

Active for the week included Advanced Micro Devices Inc  moved in medium trading 53.19M shares closing down at $2.58 per share with a loss of (-10.28%), Apple Inc moved 51.96M shares also in medium trading to close down at $124.75 per share for a loss of (-1.13%), Comcast Corp in medium trading moved 42.29M shares, closing down at $58.42 per share for a loss of (-2.11%),  and Microsoft Corp in light trading moved 42.39M shares closing down at $41.62 per share with a loss of (-1.29%).

The NASDAQ closed down at 4,931.81 for a loss of (-75.98/-1.52%).

The S&P 500 also closed down at 2,081.18 for a loss of (-23.81/-1.13%).

World Markets

The ten most watched world markets experienced a 90/10 split as the North American Markets, including the DOW Jones Industrial, S&P500, NASDAQ, Canada's S&P TSX Composite, and Mexico's IPC, the European Markets including London's FTSE 100, CAC 40 of France, and Germany's DAX, and the Asian Markets including Japan's highly traded Nikkei 225, the Hong Kong Hang Seng and SENEX of India all closed down. Shanghai Composite closed up.

Nikkei 225

The Japanese Nikkei 225, began the week strong, barely gaining any momentum, the Nikkei peaked Friday at the opening bell for the week high and quickly plummeted to end the trading week down, at 19,907.63 for a  triple digit loss of (-232.89/-1.17%). 

Gainers for the week include Showa Denko KK (+5.00/+3.07%), Mitsubishi Material Corp (+12.00/+2.91%), Itochu Corp (+39.00/+2.76%), JX Holdings Inc (+13.50/+2.66%).

Losers include Isetan Mitsukoshi Holdings, Ltd (-216.00/-9.50%), Alps Electric Co Ltd (-188.00/-6.09%), Yamaha Corp (-135.00/-5.76%) and J Front Retailing Co Ltd (-113.00/-5.62%).

Active on the Nikkei include Mizuho Financial Group Inc, in 18 straight weeks of strong trading, moved 259.99M shares, the highest active trading stock on the Nikkei and, closed up at ¥222.90 for a gain of (+1.00%), Mitsubishi UFJ Financial Group Inc, also in strong trading moved 151.41M shares to close up at ¥824.70 for a gain of (+2.41%) Sharp Corp in medium trading moved 96.18M shares to close down at ¥262.00 for a loss of (-5.42%), and NEC Corp, in light trading, moved 37.83M shares to close up ¥395.00 for a gain of (+1.80%).

FTSE 100

London Markets fell sharply after hitting a record high one week ago, peaking on Wednesday, the market was up and down until Friday when it dipped and continued to fall, to finish the trading week down at 6,994.63 suffering a double digit loss of (-65.82/-0.93%).

Gainers in the FTSE 100 include BP PLC (+4.00/+0.84%), InterContinental Hotels Groups PLC (+21.00/+0.77%), Seven Trent PLC (+13.50/+0.64%) and Experian PLC (+2.00/+0.17%).

Losers include St. James's Place PLC (-31.00/-3.23%), Anglo American PLC (-31.50/-3.03%), Schroders PLC (-86.72/-2.59%) and Hikma Pharmaceuticals PLC (51.00/-2.40%).

Active on the FTSE 100 included Lloyds Banking Group PLC moving 116.95M shares in strong trading, closed down at €78.64 for a loss of (-1.58%), Vodafone Group PLC, in light trading moved 43.15M shares to close down at €226.20 per share for a loss of (-0.53%), BP PLC also in medium trading moved 40.24M shares to close up at €477.45 per share for a gain of (+0.84%), Barclays PLC, in light trading moved 25.91M shares to close down at €254.65 per share for loss of (-2.19%).

Hang Seng Index

The Hang Sang Index began the trading week up strong peaking for the week on Monday after which the Hong Kong market dipped and rallied throughout the remainder of the closing the trading week down with double digit losses.

The Hang Seng closed up at 27,653.12 with triple digit gains of (-86.59/-0.31%).

Gainers on the Hang Seng Index include China Overseas Land & Investment Ltd (Hong Kong) (+0.70/+2.40%), China Mobile Ltd (Hong Kong) (+2.30/+2.18%), AIA Group Ltd (Hong Kong) (+1.10/+2.11%), PetroChina Co Ltd (Hong Kong) (+0.18/+1.71%).

Active trading on the Heng Seng Hong Kong Index includes China Construction Bank Corp also in intense trading moved 505.97M shares to close up at HDK$7.67 (-1.67%), Industrial and Commercial Bank of China, in intense trading, moved 492.99M shares to close up at HK$6.81 (-1.87%),  Bank of China Ltd, in intense trading, moved 455.52M shares to close up at HK$5.41 (-1.99%), and PetroChina Co Ltd in strong trading moved 251.19M shares to close breaking even $HK10.68 (+1.71%).

Losers for the week include China Resources Power Holding Co Ltd (Hong Kong) (-0.45/-2.14), Bank of China (Hong Kong) Ltd (-0.11/-1.99%), China Life Insurance Co Ltd (-0.75/-1.90%), Industrial and Commercial Bank of China Ltd (-0.13/-1.87%).

Source: Bing Finance

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