World Shares Up But Wall St. Tech Stocks Sag

Shares were broadly higher in Europe and Asia on Monday as investors focused on the latest flurry of corporate earnings, as reported by Elaine Kurtenbach for the Associated Press (AP).

European shares opened mixed.

The upbeat start to the week contrasted with the gloom on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020. However, US futures were higher, with contracts for the S&P 500 and Dow Jones Industrial Average both up 0.3%.

European shares opened mixed. Germany’s DAX added 0.2% to 17,780.33, and the FTSE 100 climbed 1% to 7,977.83. In Paris, the CAC 40 edged 0.1% lower to 8,015.27.

In Asian trading, Hong Kong’s Hang Seng led the region, gaining 1.8% to 16,511.69. However, the Shanghai Composite index shed 0.7% to 3,051.76 after the People’s Bank of China kept its 1-year and 5-year loan prime rates unchanged.