Money News: North American, European Markets Close Down; Asian Split

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The DOW Jones Industrial Average, fell prey to the predicted Bear market taking a hit for the second straight week, closing the trading week down with triple digit losses setting a world tone with eight of the ten most watched market in the world closing down.

The DOW opened the trading week up with a solid rally early Monday followed by a sharp declines followed by incremental rallies with minimal gains throughout the remainder of the week, falling sharply Friday to end the trading week down at 18,010.68 (-115.44/-0.64%). Opening at 18,128.12, the DOW held a day range of 17,967.44-to-18,128.12.

Gainers include Merck & Co Inc (+1.23/+2.06%) with a closing price of $60.94 per share, Intel Corp (+0.48/+1.41%) with a closing price of $34.50 per share, Pfizer Inc also closed up at $34.76 for a gain of (+0.32/+0.93%) and UnitedHealth Group Inc closing up at $120.26 per share for a gain of (+0.61/+0.51%)

Losers for the week include General Electric Co closing down at $27.27 per share for a loss of (-0.36/-1.30%), Visa Inc closing down at $68.70 with a loss of (-0.90/-1.29%), Boeing Co (-1.70/-1.19%) with a closing price of $140.59, and Microsoft Corp (-0.55/-1.16%) with a closing price of $46.90.

Active for the week included Apple Inc moved 35.27M shares in medium trading to close down at $130.40 per share for a loss of (-1.04%), Pfizer Inc in light trading moved 32.42M shares closing up at $34.76 per share with a gain of (+0.93%), General Electric Co in light trading moved 28.86M shares closing down at $27.27 per share with a loss of (-1.30%) and Intel Corp in light trading moved 28.77M shares, closing up at $34.50 per share for a gain of (+1.41%),

The NASDAQ closed down at 5,070.03 for a loss of (-27.95/-0.55%).

The S&P 500 also closed up at 2,107.39 for a loss of (-13.40/-0.63%).

World Markets 20/80 split

The ten most watched world markets closed the trading week with a 20/80 split. The North American Markets including the DOW Jones Industrial, S&P500, NASDAQ, Canada's S&P TSX Composite, Mexico's IPC, Central European Markets London's FTSE 100, CAC 40 of France and Germany's DAX and Asia’s Hong Kong Hang Seng and the Shanghai Composite all closed down.  Asian Markets were split with Japan's highly traded Nikkei 225 and SENEX of India closing up.

Nikkei 225

The Japanese Nikkei 225, began the trading week down where it stayed for most of the week rallying on Thursday with a sharp gain and continued with a slight dip on Friday closing the trading week up at 20,563.15 with double digit gains of (+11.69/+0.06%). 

Gainers for the week include Yahoo Japan Corp (+53.00/+10.64%), Hokuetsu Kishu Paper Co Ltd (+30.00/+4.61%), Toshiba Corp (+18.70/+4.50%), Kubota Corp (+76.50/+3.83%).

Losers include Kyowa Hakko Kirin Co Ltd (-53.00/-3.23%), Nippon Express Co Ltd (-19.00/-2.68%), Tosoh Corp (-17.00/-2.23%) and Sompo Japan Nipponkoa Holdings Inc (-100.00/-2.15%).

Active on the Nikkei include Mizuho Financial Group Inc, in 24 straight weeks of strong trading, moving an impressive 512.45M shares to close down at ¥274.00 for a gain of (+1.07%), Tokyo Electric Power Co Inc in strong trading, moved 117.15M shares to close down at ¥705.00 for a loss of (-0.28%), Mitsubishi UFJ Financial Group Inc, in strong trading moved 95.10M shares to close up at ¥920.80 for a gain of (+0.38%), and Toshiba Corp, also in strong trading, moved 88.70M shares to close up ¥434.40 for a gain of (+4.50%).

FTSE 100

London Markets opened the trading week up with a slight rally on Monday followed immediately by a sharp decline and gradual rally which continued throughout the trading week, until Friday when the FTSE 100 fell to close the trading week down at 6,948.43 with double digit losses of (-56.49/-0.80%).

Gainers in the FTSE 100 include Associated British Foods PLC (+91.00/+3.08%), Weir Group PLC (+57.00/+2.88%), Fresnillo PLC (+20.63/+2.79%) and Randgold Resources (+68.00/+1.45%).

Losers include Ashtead Group PLC (-34.00/-2.93%), Morrison 9Wm) Supermarkets PLC (-4.10/-2.32%), TUI AG (-24.37/-2.05%) and International Consolidated Airlines Group PLC (-10.50/-1.85%).

Active on the FTSE 100 included Lloyds Banking Group PLC moving 85.30M shares in strong trading, closed up at €88.18 for a gain of (+0.27%), Vodafone Group PLC,  in strong trading moved 74.19M shares to close up at €256.94 per share for gain of (+1.28%), Taylor Wimpey PLC, in light trading moved 24.40M shares to close up at €183.90 per share for a loss of (-0.49%), and Glencore PLC in mild trading moved 21.23M shares to close up at €289.35 for a gain of (+1.26%).

Hang Seng Index 

The Hang Seng Index began the trading week down with a sharp rally on Monday's opening bell followed by a steady declines throughout the remainder of the week and a sharp decline Friday to close the week down with double digit losses.

The Hang Seng closed down at 27,424.19 with double digit losses of (-30.12/-0.11%).

Gainers on the Hang Seng Index include China Merchants Holdings Ltd (+1.10/+3.31), Li & Fung Ltd (Hong Kong) (+0.11/+1.66%), Lenovo Group Ltd (Hong Kong) (+0.18/+1.47%), AIA Group Ltd (+0.60/+1.19%).

Active trading on the Heng Seng Hong Kong Index includes Industrial and Commercial Bank of China, in strong trading, moved an impressive 357.73M shares to close up at HK$6.5 (+0.30%), Bank of China Ltd, also in strong trading, moved 325.51M shares to close down at HK$5.17 (-0.39%), China Construction Bank Corp, in strong trading moved 314.03M shares to close up at HDK$7.73 (+1.05%), and China Petroleum & Chemical Corp in medium trading moved 96.92M shares to close down HK$6.83 (-1.30%).

Losers for the week include Belle International Holdings Ltd (Hong Kong) (-0.27/-2.63), Tingyi (Cayman Islands) Holdings Corp (Hong Kong) (-0.42/-2.49%), Hang Lung Properties Ltd (-0.60/-2.38%) and Sand China Ltd (Hong Kong) (-0.65/-2.13%).

Source: Bing Finance

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