Global Shares Mostly Lower As Wall St. Gains

World stocks were mostly lower on Tuesday after stocks advanced on Wall Street and yields jumped in the US bond market as election-related issues swayed markets worldwide, Zimo Zhong reported for the Associated Press (AP).

The SET in Bangkok slipped 0.5%.

The future for the Dow Jones Industrial Average was down 0.3% and that for the S&P 500 slipped 0.4%. The Japanese yen fell to near a fresh 38-year low, reaching 161.67 yen to the dollar early Tuesday.

European stocks opened lower ahead of key data on the region’s core inflation rate, due out later in the day. Germany’s DAX lost 0.7% to 18,169.98. Britain’s FTSE 100 declined 0.4% to 8,130.62.

France’s CAC 40 dropped 0.6% in early trading to 7,519.67. The benchmark jumped as much as 2.8% before settling to a gain of 1.1% on Monday as results from France suggested a far-right political party may not win a decisive majority in the country’s legislative elections.

In Asia, Tokyo’s benchmark Nikkei 225 added 1.1% to 40,074.69 as the weaker yen spurred buying of export-oriented shares.

Australia’s S&P/ASX 200 shed 0.4% to 7,718.20 and South Korea’s Kospi dropped 0.8% to 2,780.86 despite data from Statistics Korea showing the country’s consumer inflation slowed to an 11-month low in June.

Hong Kong’s Hang Seng climbed 0.3% to 17,769.14 and the Shanghai Composite Index edged up 0.1% to 2,997.01. Taiwan’s Taiex gained 0.6%, while the SET in Bangkok slipped 0.5%.