SYDNEY, June 26 AAP – A roundup of trading on major world markets:
NEW YORK – Sporting gear giant Nike has lifted the Dow into positive territory, while disappointing results from chipmaker Micron Technology pushed Nasdaq into the red.
The Dow Jones Industrial Average gained 56.32 points on Friday (0.31 per cent) to 17,946.68.
The broad-based S&P 500 slipped 0.82 (0.04 per cent) to 2,101.49, while the tech-rich Nasdaq Composite Index fell 31.68 (0.62 per cent) to 5,080.51.
Nike jumped 4.3 per cent to lead the Dow as earnings for the quarter ending May 31 rose 21.6 per cent to $US865 million ($A1.12 billion).
LONDON – Eurozone stocks posted moderate gains after creditors offered Greece an extension to its bailout with an additional 12 billion euros ($A17.38 billion)to keep it from defaulting.
The CAC 40 in Paris climbed 0.35 per cent on Friday to 5,059.17 points and Frankfurt’s DAX 30 added 0.17 per cent to 11,492.43 points.
Milan rose 0.67 per cent and Madrid gained 0.57 per cent.
Meanwhile Athens’ main index posted a strong 2.03 per cent gain to 797.52 points.
But outside the eurozone, London’s benchmark FTSE 100 index dropped 0.79 per cent to 6,753.70 points.
HONG KONG – Asian markets sank again after Greece’s latest bailout reform talks failed to reach a deal days before a major debt deadline, while Shanghai collapsed on fears Chinese stocks are overvalued after a year-long advance.
Tokyo fell 0.31 per cent, or 65.25 points, to close at 20,706.15, while Sydney shed 1.54 per cent, or 86.80 points, to 5,545.90.
Shanghai plunged 8.5 per cent at one point, its biggest loss in eight years, as investors that had flooded the market on margin trading – borrowing cash to buy stocks – decided to pull out as the index suffers a correction.
The market, which surged 150 per cent in the year to June 12, eventually closed down 7.40 per cent, or 334.91 points at 4,192.87 – its lowest since the start of May.
WELLINGTON – The S&P/NZX 50 Index rose 22.16 points, or 0.4 per cent, to 5755.45.
